Welspun Corp has been awarded contracts for supply of 147 KMT of pipes for multiple Oil & Gas as well as water projects in North America, Saudi Arabia and India markets. These projects would be executed from company’s USA and India facilities. Accordingly, the company’s order book stands at 1,403 KMT valued at approximately Rs 11,700 crore.
Welspun Corp is currently in four businesses viz. Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.
