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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..