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.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..