Welspun Corp Wins Americas Export Order, Book Rises

09 Jan 2026 CW Team

Welspun Corp Ltd has secured a new export order to supply large-diameter coated line pipes in the Americas. With this win, the company said additional orders booked in India since its last update in September 2025 now total Rs 31 billion. Its consolidated global order book stands at Rs 234.6 billion, providing strong business visibility and continuity across its India and US assets.

The company said the current order book will be executed through the financial year 2028. Last month, Welspun Corp completed the acquisition of 27.2 million equity shares, representing 4.11 per cent, in its subsidiary Welspun Specialty Solutions Ltd from the promoter group, which includes MGN Agro Properties Pvt Ltd and Welspun Group Master Trust, at the prevailing market price. Following the transaction, Welspun Corp’s equity stake in the subsidiary increased to 55.17 per cent from 51.06 per cent.

Shares of Welspun Corp were trading 0.8 per cent higher at Rs 795 apiece around 10.55 am on Wednesday. The stock has declined 13.8 per cent over the past six months.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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..

Infrastructure Transport

06 Jul 2026

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..

Infrastructure Transport

06 Jul 2026

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..