Welspun Corp Subsidiary Secures $715 Million in US Natural Gas and NGL Pipeline Orders

Welspun Corp announced on Thursday that its United States-based subsidiary has been awarded two new orders valued at around $715 million. These orders are for the supply of coated pipes, specifically for Natural Gas and Natural Gas Liquids (NGL) pipeline projects in the USA. This significant business inflow provides Welspun Corp's US facility with clear business visibility and continuity extending through fiscal year 2028.

Following these wins, the company's consolidated order book has reached a record high of ₹23,500 crore. Welspun Corp highlighted that there is a substantial energy demand in the USA driven by data centers powering Artificial Intelligence (AI), which is creating additional opportunities for line pipe applications. The company stated that these new orders position them as a reliable partner in these critical value chains. Welspun Corp is the flagship entity of Welspun World, specializing in pipe solutions and building materials, and ranks among the top three global manufacturers of large-diameter pipes.

Impact These orders represent a substantial boost for Welspun Corp, significantly enhancing its revenue visibility and confirming its strong position in the global market, particularly in the US energy infrastructure sector. The large value and long-term commitment indicate sustained business activity and profitability. Rating: 8/10

Heading: Difficult Terms Explained * Coated Pipes: Pipes that have an internal or external coating applied to protect them from corrosion, erosion, or to improve flow efficiency. * Natural Gas Pipeline Projects: Infrastructure projects involving the construction or expansion of pipelines designed to transport natural gas from its source to consumers. * NGL (Natural Gas Liquids) Pipeline Projects: Projects focused on pipelines that transport NGLs, which are components of natural gas such as ethane, propane, and butane, separated from dry natural gas. * Fiscal Year 2028 (FY28): The financial year ending in March 2028. * Consolidated Order Book: The total value of all unfulfilled orders across all subsidiaries and business segments of a company. * Data Centres: Facilities that house computer systems and associated components, such as telecommunications and storage systems. * AI (Artificial Intelligence): Technology that enables computer systems to perform tasks that typically require human intelligence, such as learning, problem-solving, and decision-making. * Line Pipe: Pipes specifically designed and manufactured for transporting oil, gas, or water across long distances.