Welspun Corp Secures ₹2,400 Crore Deal for Coated Pipe Supply in the US Market

Welspun Corp Ltd has made headlines this week with the announcement of a substantial new order valued at approximately Rs 2,400 crore in the United States. This significant deal involves the supply of coated pipes intended for various Natural Gas Pipeline Projects across the country, marking a pivotal moment for the company in the energy sector.

Strengthening Market Position

In a recent regulatory filing, Welspun Corp confirmed that the execution of these orders is expected to take place mainly during FY26 and FY27. The company stated, "These achievements reaffirm our stronghold in the U.S. Oil & Gas market and reflect the confidence our clients have in our capabilities. We are dedicated to providing high-quality products and outstanding service to our esteemed customers."

Key Highlights:
- New order worth Rs 2,400 crore for coated pipes.
- Execution timeline: FY26 and FY27.
- Consolidated order book now totals around Rs 20,000 crore.

Financial Performance Overview

Earlier this year, in February, Welspun Corp reported impressive fiscal third-quarter results, showcasing a 100% increase in its consolidated net profit, which reached Rs 672.19 crore. This surge in profit was primarily attributed to decreased expenses. However, the company’s total income for this quarter saw a decline, dropping to Rs 3,656.57 crore from Rs 4,758.17 crore during the same quarter of the previous year.

Market Response

Investors reacted positively to the news of the new contract, with Welspun Corp’s shares climbing by 3.16% to reach a trading price of Rs 834.80 as of 9:15 AM. This uptick indicates growing confidence in Welspun’s strategic direction and market execution.

Conclusion

With this latest order, Welspun Corp is not only reinforcing its position in the U.S. market but also demonstrating its capability to meet the needs of the expanding natural gas sector. As the company looks ahead to the execution of these projects, stakeholders can anticipate further developments that may continue to enhance its financial trajectory and industry reputation.