Welspun Corp Ltd. witnessed a 3% rise in shares following the announcement of its Saudi Arabian associate winning contracts valued at approximately Rs 525 crore for the production and supply of steel pipes and coatings. The contracts, spanning two years, will impact the company's financials from the fourth quarter of the current fiscal year until the third quarter of the 2026-27 fiscal year. This development comes after a previous contract in the Middle East for LSAW pipes and bends. Notably, Welspun Corp, in partnership with Tata Steel, has pioneered the development of API X65 grade pipes for high-pressure hydrogen transmission, a significant step towards green energy solutions. The company's involvement in testing pipes for hydrogen transport aligns with the government's green hydrogen policy, underscoring its commitment to sustainable practices. Overall, the company's strategic partnerships and focus on green energy initiatives are positively impacting its market performance and positioning it as a key player in the evolving energy landscape.