Introduction:
Steel stock has emerged as the L1 bidder for supplying 4,050 tons of stainless steel seamless boiler tubes to BHEL for supercritical thermal power projects. The ₹231.77 crore contract, pending final approval, strengthens its role in India’s power and industrial sectors.
Share Price movement of Welspun Specialty Solutions:
On March 5, 2025, Welspun Specialty Solutions Ltd opened at ₹31.47, reaching a high of ₹31.48, up 2.57% from its previous close of ₹29.99, and a low of ₹29.99. Currently, the stock is trading at ₹30.76, with a market cap of ₹2,038.19 crore.
Welspun Specialty Solutions share price rise:
Welspun Specialty Solutions Limited (WSSL) has been selected as the L1 bidder by Bharat Heavy Electricals Limited (BHEL, Trichy) for supplying approximately 4,050 tons of stainless steel seamless boiler tubes for supercritical thermal power projects. The contract will be finalized after BHEL’s internal approval process.
WSSL secured this contract after undergoing a stringent assessment and approval process by BHEL. The total contract value is estimated at ₹231.77 crore (excluding GST). This achievement highlights WSSL’s expertise in high-quality stainless steel solutions for critical industrial applications.
This contract reinforces WSSL’s position in the specialty steel sector, supporting India’s thermal power infrastructure. The company remains committed to delivering high-performance materials, strengthening its presence in the energy sector while complying with regulatory disclosure norms and transparency standards.
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Recent news About Welspun Specialty Solutions:
Welspun Specialty Solutions Limited has revised the record date for its ₹350 crore rights issue to March 1, 2025, in compliance with SEBI regulations. The issue involves 13,25,22,289 equity shares at ₹26.40 per share, with a 1:4 entitlement ratio. Subscription is open from March 10 to March 19, 2025.
Ace investor holding of Welspun Specialty Solutions:
Dilipkumar Lakhi holds a significant 23.04% stake in Welspun Specialty Solutions Ltd., with 12,21,32,717 shares valued at ₹381.7 crore. A seasoned investor, he maintains a stable position, showcasing confidence in the company’s long-term potential within the specialty steel sector.
Pankaj Jawaharlal Razdan owns a 2.86% stake in Welspun Specialty Solutions Ltd., holding 1,51,66,666 shares worth ₹47.4 crore. With no recent changes in his holdings, his investment underscores a strategic interest in the specialty steel industry’s growth prospects.
Stock performance of Welspun Specialty Solutions for Period of 1 week, 6 months and 1 year:
Welspun Specialty Solutions’ stock declined by 18.4% over the past week, reflecting significant short-term weakness. Over six months, it dropped 34.3%, indicating a prolonged downturn. In the past year, the stock fell 16.2%, highlighting ongoing challenges despite its presence in the specialty steel sector.
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Shareholding pattern of Welspun Specialty Solutions:
| Summary | Dec-24 | Sep-24 | Jun-24 |
| Promoter | 55.20% | 55.20% | 55.20% |
| FII | 0.00% | 0.00% | 0% |
| DII | 0% | 0% | 0% |
| Public | 44.80% | 44.80% | 44.80% |
About Welspun Specialty Solutions :
Welspun Specialty Solutions Ltd. is a leading manufacturer of stainless steel and alloy-based products, catering to industries like power, oil & gas, and defense. The company specializes in seamless tubes, pipes, and bars, ensuring high-quality solutions for critical industrial applications.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
