Welspun Specialty Share Price Hits 5% Upper Circuit on ₹231 Crore Order Win

Welspun Specialty Solutions share price hit the 5% upper circuit on the BSE, reaching ₹30.63 per share in Tuesday’s trade. The surge in buying interest came after the company was declared the lowest bidder (L1) for a ₹231 crore order from Bharat Heavy Electricals Limited (BHEL).

At around 9:48 AM, the stock was trading 3.5% higher at ₹30.20 per share, while the BSE Sensex was up 0.58% at 74,255.08. The company’s market capitalisation stood at ₹2,001.09 crore. The stock’s 52-week high is ₹55.54, and the 52-week low is ₹28.50.

Details of the Order

Welspun Specialty will supply approximately 4,050 tons of stainless steel seamless boiler tubes to BHEL for supercritical thermal power projects. The total order value is ₹231.78 crore (excluding GST), with execution planned over the next 13 months, completed by April 2026.

Fundraising via Rights Issue

The company recently approved a ₹350 crore rights issue. It has offered 13.25 crore rights equity shares at ₹26.40 per share, with the record date set for March 1, 2025. The rights issue will be open from March 10 to March 19, 2025.

Manufacturing Capabilities

Welspun Specialty produces a variety of alloy and stainless steel grades using advanced processes like Electric Arc Furnace (EAF), Ladle Refining Furnace (LRF), and Argon Oxygen Decarburisation (AOD). The company has a precision rolling mill with an annual capacity of 1,25,000 metric tons, offering products in various sizes and conditions, including Hot Rolled, Heat Treated, and Peeled & Polished bars.

Stock Performance Over the Year

Despite the recent surge, Welspun Specialty share price have declined 14% over the past year, compared to a 1.4% rise in the Sensex.

Conclusion

Winning the BHEL order strengthens Welspun Specialty’s market position and growth prospects. However, the stock’s past-year decline highlights ongoing market challenges.

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