Welspun Corp secures record $1.8bn order for US energy infrastructure projects
· Business · Economic Times, Moneycontrol, Business Standard
Welspun Corp shares soared 9% Sunday after securing its largest-ever single order worth Rs 17,200 crore (approx US$1.8bn) for pipeline supply from its American manufacturing unit. The order — described as the company’s single largest to date — will be executed between FY 2028 and FY 2029. With this win, Welspun’s global order book now stands at a record Rs 42,100 crore (approx US$4.4bn). The company emphasized the order underscores its capacity to execute complex global infrastructure projects, particularly in North American energy systems. Welspun attributed the win to growing confidence among major energy clients in its scale, quality, and execution capabilities.
Why it matters
This order strengthens Welspun Corp’s position as a key global partner in energy infrastructure while providing multi-year revenue visibility. It also validates the company’s strategy to expand manufacturing capacity and deepen relationships with multinational clients in the energy sector.
Read the original report — Economic Times
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