London, June 17, 2026, 12:06 BST
- Weir Group shares gained around 2.4% to 2,494p by midday in London. The move came after the company said it won a pumps order connected to an iron-ore pipeline project in India.
- Weir Group landed an order for 14 GEHO positive displacement pumps for Lloyds Metals’ Surjagarh slurry pipeline phase two in Maharashtra. The deal’s financials were not shared.
- Weir stuck with its 2026 guidance in the Q1 update. Investors want to see if new contracts show up in better numbers for the second half.
Weir Group shares pushed higher in London on Wednesday after the mining tech group announced a large pumps order from Lloyds Metals and Energy in India. The win gave the shares another boost after a patchy stretch.
Weir shares traded 2.38% higher at 2,494p as of 12:06 BST, Cboe Europe real-time numbers from MarketScreener showed. Alliance News earlier reported the stock up 1.3% at 2,468p. The shares have moved between 2,254p and 3,580p over the past year, putting them about 30% below that high.
FTSE 100 slipped 0.14% by 09:36 GMT, Reuters said, as inflation numbers kept investors on edge ahead of the Bank of England’s rate decision set for Thursday. The drop came on what was otherwise a quiet morning in London trading.
Weir is set to deliver 14 GEHO TZPM 2000 positive displacement pumps, all featuring GEHO Load Reduction System tech. The positive displacement pumps will be used for moving slurry—a blend of crushed ore and water—over a long haul.
Weir has landed an order for the second phase of Lloyds Metals’ slurry pipeline at the Surjagarh iron-ore mine in Maharashtra. The new section will run about 200 kilometres and add 16 million tonnes a year of capacity. Weir delivered pumps for the first 100-kilometre phase, which is now fully online.
No numbers were disclosed. That left investors with a confirmed order but little to adjust in their forecasts. AJ Bell, via Alliance News, noted Weir shares gained 1.2% to 2,464p on Wednesday morning.
Weir’s global product manager for GEHO, Tony Hendriks, said, “This win shows the strength of our technology.” Lloyds Metals director-projects P R Prasad said the company had “full confidence in the GEHO technology.” MarketScreener
Weir gets some help from timing. The group said in April that first-quarter orders were up 4% at constant currency, which excludes exchange-rate effects. It stuck to its forecast for higher revenue, operating profit, and margin this year. Weir also kept its view that both revenue and profit would be second-half loaded.
BofA Global Research is warming up to European mining equipment, pointing to big copper projects in its sector review earlier this month. Names like Epiroc, FLSmidth, and Weir made the list. The larger mining-equipment cycle still has the market’s attention, with miners spending again. But equipment makers keep waiting for the orders to actually show up on time.
There’s a catch. Weir’s first-quarter update flagged some mine disruptions in Asia-Pacific and Africa, order phasing, and Middle East uncertainty. If big projects get pushed back, or if the “significant” order announced today doesn’t show up in margins, the rebound might not last. Stockopedia
Weir’s next scheduled update is the 2026 half-year results coming July 29, with a webcast for investors and analysts set for 08:00 BST, according to its financial calendar. Shares could move with contract news, metals demand, and whether the market sees a stronger mining capex cycle before then.
