Welspun wins about Rs 5,500 crore US gas pipeline pipe order
WELCORP · price
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Welspun's US subsidiary has won about Rs 5,500 crore from a major US midstream company to supply coated line pipes for a Permian gas pipeline serving a data centre complex. Production will happen at its US facility in FY29. The deal lifts its global order book to a record USD 5.25 billion, about Rs 50,000 crore.
Positive for sales visibility and future revenue, but profit margins, costs and delivery timing were not disclosed.