Welspun Corp Secures Two Major US Orders for Coated Pipes in Natural Gas Projects

Welspun Corp has received two additional large orders in the USA for HSAW and HFIW coated pipes, marking a significant milestone in its order book. These orders, for natural gas pipeline projects, will be executed over FY25 and FY26.

Dominant Market Position

With these additions, the total value of orders secured by Welspun’s USA plant in Q3FY25 exceeds ₹7,000 crore.

This success further reinforces Welspun Corp’s dominant position in the USA’s oil and gas transmission sector.

The company remains optimistic about its prospects in the region, with a robust outlook for continued growth in the coming years.

Welspun Corp is well-positioned to capitalise on the expanding opportunities in the USA market.

Q2FY25 Financial Highlights

Welspun Corp reported a 27% decline in consolidated net profit to ₹282.96 crore for the September quarter.

This was primarily due to a fall in income. In comparison, the company had posted a net profit of ₹386.57 crore for the July-September 2023 quarter.

Total income declined to ₹3,364.23 crore from ₹4,161.41 crore in the same period last fiscal. Expenses stood at ₹3,074.90 crore, down from ₹3,820.59 crore a year ago.

Welspun Corp Share Price Performance

On December 09, 2024, Welspun Corp Share Price was trading 2.44% higher at ₹814.70 at 9:30 AM on the NSE. The stock opened at ₹814.95 higher from its previous close of ₹789.45.

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