
New Launch17 Feb 2025, 01:41 pm
Welspun Corp Secures Rs 3,000 Crore Orders in USA for Coated Pipes
AI Summary
Welspun Corp Limited has announced the receipt of new orders in the USA, including two large orders for HSAW Pipes and additional orders for HFIW Pipes, valued at approximately Rs 3,000 Crore. These orders are for the supply of coated Pipes primarily for Natural Gas Pipeline Projects and are expected to be executed during FY26 and FY27. The new orders reinforce Welspun's leading and dominant market share in the USA O&G transmission space. The company's outlook for the USA market remains positive for the next few years. The value of the company's consolidated order book stands at approximately Rs. 18,000 Crores.
Key Highlights
- Welspun Corp secures Rs 3,000 Crore orders in the USA for coated Pipes
- Orders include two large orders for HSAW Pipes and additional orders for HFIW Pipes
- Orders for Natural Gas Pipeline Projects
- Execution during FY26 and FY27
- Company's outlook for the USA market remains positive