Associate EPIC bags 1,165 Cr order from Saudi Water Authority

Govt Defence OrderBusiness Updates View source PDF Explain this filing

WELCORP · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹795.50

prior close

₹805.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+0.5% vs market

Iron & Steel Products peers, median of 92sector+1.1%+0.5% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 0.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-1.1

15m

-1.5

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.0+0.5+1.1+0.5

Next day

+0.4+0.3+0.1+0.5-0.0

+0.1+0.9-0.8+2.1-2.1

-0.1+1.7-1.8+2.1-2.2

-0.4+2.1-2.5+3.2-3.6

+1.1+1.3-0.2+1.5-0.4

-1.5+0.4-2.0+0.4-1.9

15d

+2.3+3.5-1.2+3.4-1.0

-5.2+0.6-5.7-0.9-4.3

+4.7+0.9+3.8-0.9+5.6

-1.3-6.6+5.2-9.7+8.4

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 92Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Welspun Corp's associate company East Pipes Integrated Company (EPIC), listed in Saudi Arabia, has won a contract from Saudi Water Authority to manufacture and supply steel pipes. Total value exceeds 485 million SAR (around INR 1,165 Crore) including VAT. The six-month contract's financial impact will reflect in Q4FY26 and Q1FY27. EPIC is Saudi Arabia's leading HSAW pipe manufacturer and continues to support KSA's Vision 2030.

Likely market impact

Positive for Welspun Corp as its associate EPIC wins a large government order in KSA, supporting profit share via its stake.