Welspun Specialty Shares Rose ~5% After Securing Contract From BHEL

Written by: Sachin GuptaUpdated on: 5 Mar 2025, 8:16 pm IST

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Welspun Specialty Shares Rose ~5% After Securing Contract From BHEL

On March 5, 2025, Welspun Specialty share price rose ~5%, reaching a day high of ₹31.48 at 10:00 AM after opening at ₹31.47. The gain in Welspun Specialty share price came after the company announced that it has emerged as the L1 bidder for a supply contract from Bharat Heavy Electricals Ltd (BHEL), Trichy, for 4,050 tonnes of stainless steel seamless boiler tubes for a series of supercritical thermal power projects.

The release further stated that the contract valued at ~₹231.77 crore (excluding GST), will be formally awarded following BHEL’s internal approval process. WSSL secured the bid after undergoing a stringent assessment and approval process.

Management Take

We are pleased to inform that Welspun Specialty Solutions Limited (WSSL) has been notified as the L1 bidder by Bharat Heavy Electricals Limited (BHEL, Trichy) for a supply of approx 4,050 tons of Stainless steel Seamless Boiler Tubes for a series of Super critical Thermal Power Projects. Formal contract will be released after the internal approval process at BHEL.

Welspun Specialty Competitive Edge

Welspun Specialty is the only integrated producer of Quality Stainless Steel Bars and Pipes & Tubes starting from Steel Making to Finished Tubes in the country under one roof. The company has expertise in making Stainless Steel in Special / Custom Grades with controlled chemistry. It has wide domestic and international market outreach and acceptance for a wide portfolio of products.

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Published on: Mar 5, 2025, 10:19 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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