Welspun Corp Limited — Important, 07-12-2024: General Updates

Welspun Corp has recently secured two significant orders in the USA for HSAW and HFIW pipes, focused on supplying coated pipes for Natural Gas Pipeline Projects. This brings the total order value for their USA plant to over ₹7,000 Crore for the current quarter. The execution of these orders is scheduled for FY25 and FY26. This development underscores Welspun's strong position and substantial market share in the USA oil and gas transmission sector. The company maintains a positive outlook for the US market over the next few years, suggesting potential growth and increased opportunities ahead.