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Welspun Corp Limited bags its single largest order worth INR 5000+ crore from The United States of America

Tuesday, May 24, 2022, 10:32 Hrs  [IST]
HBI Staff | Hyderabad

Welspun Corp Ltd (WCL), one of the largest Welded Line Pipe manufacturers and the flagship company of Welspun Group, has received the single largest order in its history, for the supply of pipes values at INR 5000 + crores (approx.) to the United States of America. The order will be executed over a period of 12 months, commencing H2 of FY23.

The order is for supplying 325,000 MT (approx.) of large diameter coated pipes for transporting natural gas from the Permian Basin to Houston. The pipes for this order will be produced from Welspun Corp’s Little Rock plant in the US. This is on the back of another win that Welspun Corp had announced in April 2022, regarding a 26,000 MT order from a long-standing customer in North America, as well as another large order from Australia.

Commenting on this achievement, Vipul Mathur, Managing Director and Chief Executive Officer, Welspun Corp Limited, said, “We are delighted to win the single largest order in the history of our company. Our deep understanding of customer needs, quality orientation, and impeccable execution track record coupled with world class technology and innovation is what differentiates us. Our pan global order book and successive wins in a highly competitive environment validate our global leadership position in this market segment. We are confident that given the prevailing high energy prices and increasing demand scenario, further opportunities are likely to arise over the mid-to-long term in both the Global and the US market, and we would see more opportunities being converted to business, enabling a healthy and profitable order book at Welspun Corp over the next few years.”

Synonymous with great quality and range, Welspun Corp is a leader in manufacturing a wide range of line pipes and has recently forayed into the DI Pipes segment. With a sharp focus on innovation and technology, and leveraging its deep domain knowledge, the company strategizes to continuously adapt to the changing environment and offer complete solutions that cater to the oil and gas, and water transmission industries.

With this recent order, Welspun Corp’s order book as on date (excluding Saudi) stands at 704,000 MT valued at Rs.10,500 crores (approx).

 
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