The orders include two major contracts for HSAW pipes and additional orders for HFIW pipes
Welspun Corp Limited (WCL) announced today it has secured new orders worth approximately ₹3,000 crore for supplying coated pipes for natural gas pipeline projects in the United States. The orders include two major contracts for HSAW pipes and additional orders for HFIW pipes.
The shares of Welspun Corp Limited (WCL) were trading at ₹719.70 down by ₹17.80 or 2.41 per cent on the NSE today at 10.05 am
The company plans to execute these orders primarily during fiscal years 2026 and 2027. With these new contracts, Welspun’s consolidated order book has reached approximately ₹18,000 crore.
The Mumbai-based pipe manufacturer said these wins strengthen its dominant market position in the US oil and gas transmission sector. The company expressed optimism about the US market outlook for the coming years and indicated its readiness to capitalize on future opportunities.
Welspun Corp, has been expanding its presence in the US energy infrastructure sector. The company’s HSAW (Helical Submerged Arc Welded) and HFIW (High-Frequency Induction Welding) pipes are crucial components in natural gas transportation infrastructure.
The announcement comes as energy infrastructure development continues to drive demand for specialized pipeline solutions in the United States.
Source: The Hindu Businessline