Welspun Corp secures Rs 13 billion pipe supply contract in the US

05 Nov 2024 CW Team

Homegrown Welspun Corp (WCL) made a significant announcement regarding its recent business developments. The company revealed that it has successfully secured two new contracts in the United States, which are valued at an impressive Rs 13 billion. These contracts involve the supply of specialised pipes specifically designed for natural gas pipeline projects. WCL is focused on fulfilling the order for Helical Submerged Arc Welded (HSAW) pipes within the financial year 2025-26, according to the details provided in an official exchange filing.

In elaborating on its future prospects, the company conveyed that it maintains a highly optimistic outlook for the US market. This positive sentiment is bolstered by WCL's participation in several additional projects, indicating that the company is strategically positioned to capitalize on emerging opportunities. Furthermore, WCL noted that it is favourably situated in 1-2 large projects, which could enhance its growth trajectory in the coming years. This announcement underscores WCL's commitment to expanding its footprint in the international market, particularly in the lucrative sector of natural gas infrastructure.

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