Welspun Corp bags biggest-ever ₹17,200 crore US pipe order, shares soar
Welspun Corp has secured its largest-ever pipe supply order valued at $1.8 billion for the North American energy infrastructure market. The company's shares rose significantly following the announcement, reflecting strong demand for energy-related infrastructure.
Why it matters
This record-breaking contract signals robust growth in the energy infrastructure sector and strengthens Welspun's position in the US market.
Welspun Corp has secured its largest-ever single order, valued at about $1.8 billion (₹17,200 crore), for the supply of pipes from its manufacturing facility in the US, the company said in a regulatory filing late Thursday.The order will be executed during FY28 and FY29 and will take the company’s global order book to a record $4.4 billion (about ₹42,100 crore), Welspun Corp said.Shares of Welspun Corp rallied as much as 9% to a day’s high of Rs 2,193 on the BSE on Friday after the company's announcement last night.The company did not disclose the customer, volume or type of pipes to be supplied.The order is the biggest single contract in Welspun Corp’s history and strengthens its presence in the North American energy infrastructure market.The company said the order will provide multi-year…
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