Welspun Corp Secures ~₹3,000 Crore Pipeline Order from the USA

Welspun Corp has received new orders worth ~₹3,000 crore from the USA for the supply of Helical Submerged Arc Welded (HSAW) pipes and High-Frequency Induction Welded (HFIW) pipes. These pipes are meant for natural gas pipeline projects, and the execution is planned for FY26 and FY27.

Order Book

With the addition of these new contracts, Welspun Corp’s total consolidated order book now stands at around ₹18,000 crore. The company has a presence in the USA’s oil and gas transmission sector and continues to see demand from the region.

Execution Timeline

The newly secured orders will be executed primarily during FY26 and FY27. These orders help grow the company’s role in the pipeline sector, particularly in the USA’s natural gas infrastructure projects.

Welspun Corp, as per the filing, remains focused on fulfilling its current order commitments while continuing to look for new business opportunities.

Q3 FY25 Financial Results

Welspun Corp reported a 127% year-on-year (YoY) rise in net profit, reaching ₹674.7 crore for Q3 FY25, compared to ₹297.9 crore in the same period last year. However, revenue from operations declined by 23.9% YoY, falling to ₹3,613.5 crore from ₹4,749.7 crore in Q3 FY24.

Despite the revenue drop, EBITDA stood at ₹434.4 crore, down 6.1% YoY, but the EBITDA margin improved to 12% from 9.8%. 

Market Impact

Following the announcement, as of February 17, 2025 (12:07 PM), Welspun Corp Ltd shares are trading at ₹729.25, down ₹8.25 (1.12%) for the day. Over the past month, the stock has declined 6.46%, but it remains up 32.77% over the past year. The company’s market capitalization stands at ₹18,933 crore as of today.

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