Home / Business and Economy / Welspun Secures Record $412.5M US Pipe Deal
Welspun Secures Record $412.5M US Pipe Deal
25 Sep
Summary
- US unit won a $412.5 million pipe supply order.
- Order execution is scheduled for fiscal years 2028 and 2029.
- Order book reaches a record $4.7 billion globally.
Welspun Corp's US operations have been awarded a substantial $412.5 million contract for pipe supply. This significant deal, expected to be executed across the fiscal years 2028 and 2029, directly contributes to the company's impressive global order book, which now stands at a record high of $4.7 billion.
The demand for these pipes, crucial for oil, gas, and water pipeline projects, is fueled by escalating investments in energy infrastructure. Welspun's advanced manufacturing facility located in Arkansas will be responsible for producing the pipes. This strategic location is pivotal for the company's expansion in North America, supporting projects in oil and gas, LNG exports, and hydrogen pipelines.
