Welspun Corp Board Approves Capex, Partnership in Jordan

Welspun Corp Limited's Board of Directors has approved a capital expenditure of USD 115 million for an additional Spiral Pipe facility in the USA, aiming to debottleneck and augment capacity. The company also approved a total project investment of up to USD 125 million in Jordan, in partnership with Perma-Pipe, to establish spiral pipe manufacturing and coating facilities. This strategic move aims to serve regional water, oil & gas, and infrastructure projects. Additionally, the Board approved the re-appointment of two Independent Directors.