The order will likely be executed throughout FY28 and FY29 and can take the corporate’s world order guide to a file $4.4 billion (about ₹42,100 crore), Welspun Corp stated.
Shares of Welspun Corp rallied as much as 9% to a day’s high of Rs 2,193 on the BSE on Friday after the corporate’s announcement final night time.
The corporate didn’t disclose the shopper, quantity or sort of pipes to be provided.
The order is the most important single contract in Welspun Corp’s historical past and strengthens its presence within the North American energy infrastructure market.
The corporate stated the order will present multi-year revenue visibility and displays the dimensions and execution capabilities of its US operations.
The US is Welspun Corp’s largest market outdoors India, contributing 27.2% of its income in FY26, in keeping with Bloomberg information. India accounted for 71.7% of income, whereas different abroad markets contributed 1.1%.Welspun Corp has been increasing its US operations amid sustained demand for power infrastructure. The corporate stated in its fourth-quarter earnings assertion that its US spiral mill is booked by way of FY28, supported by rising LNG demand, increased energy necessities linked to AI information centres and a revival in oil pipeline infrastructure.
The newest order additionally provides to the corporate’s technique of increasing its manufacturing footprint outdoors India and strengthening relationships with world power prospects.
Welspun Corp stated the order positions it for sustained development within the North American power infrastructure market.
