Welspun Corporation shares surged over 5% in early trading on Wednesday, propelled by the announcement of a strategic partnership with Saudi Aramco. The stock opened at ₹749.50 on the BSE, already 2.7% higher than the previous close of ₹729.70, and climbed to an intraday high of ₹775.15, marking gains of more than 6%. The market excitement followed Welspun’s announcement post-market hours on Tuesday about signing a Memorandum of Understanding with Saudi Aramco to establish a cutting-edge LSAW line pipe manufacturing facility. The plant, set to be located in Dammam’s 3rd Industrial City, will have an annual production capacity of 350,000 metric tons and is expected to be operational by mid-2026. Welspun’s collaboration with Saudi Aramco underscores the company’s strategic role as a global leader in line pipe manufacturing. For nearly two decades, Welspun has been a trusted supplier to Saudi Aramco, contributing to numerous oil and gas pipeline projects in the Kingdom. This new facility will cater to Saudi Aramco’s future needs in oil, gas, hydrogen transmission, and carbon capture, utilization, and storage (CCUS), aligning with the energy giant’s evolving focus on sustainability and innovation. With this partnership, Welspun is poised to solidify its position in the global pipeline industry while playing a pivotal role in Saudi Arabia’s energy infrastructure advancements.