Welspun Corp Secures ₹700 Crore Order, Boosts Order Book to ₹25,350 Crore
Welspun Corp bags Rs 700 crore LSAW pipe order; order book rises to Rs 25,350 crore
Business Standard
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Welspun Corp has secured a significant order worth approximately ₹700 crore for LSAW pipes from its US facility, raising its total order book to around ₹25,350 crore (approximately $2.6 billion). This order is part of a strong pipeline expected to be executed in FY27 and FY28.
- 01Welspun Corp secured a ₹700 crore order for LSAW pipes from its US facility.
- 02The company's total order book now stands at ₹25,350 crore (approximately $2.6 billion).
- 03The new orders are scheduled for execution during FY27 and FY28.
- 04Welspun Corp is a leading manufacturer of large-diameter pipes with a global presence.
- 05The company reported a 32.9% decline in net profit for Q3 FY26 despite a revenue increase.
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Welspun Corp has announced the acquisition of a substantial order valued at ₹700 crore for the supply of LSAW pipes from its facility in the United States. This order contributes to a total consolidated global order book that now amounts to approximately ₹25,350 crore (around $2.6 billion). The company noted that the order pipeline offers strong visibility and continuity for its operations in both India and the US, with the new contracts set for execution in FY27 and FY28. Despite this positive development, Welspun Corp reported a 32.9% decline in net profit to ₹452.59 crore for Q3 FY26, even as revenue from operations rose by 25.4% to ₹4,532.48 crore compared to Q3 FY25. The company's shares fell by 1.25% to ₹1,346.50 on the Bombay Stock Exchange (BSE).
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The new order is expected to enhance Welspun Corp's production capabilities and potentially create jobs in its US facility, benefiting local economies.
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