It said the large order is for the supply of pipes from its US facility.
With this, the company’s consolidated global order book stands at ₹24,700 crore, approximately $2.6 billion, the company said. This gives clear business visibility and continuity in both, India and US assets, it added.
The order book is to be executed in the financial year 2026, FY27 and FY28.
On another note, last week, Welspun Corp’s wholly-owned subsidiaries — Welspun Mauritius Holdings Ltd (WMHL) and Welspun Pipes Inc. (WPI) — completed an intragroup transfer of 69.3 lakh equity shares in East Pipes Integrated Company for Industry (EPIC), representing a 22% stake.
The transaction was executed on the Tadawul Stock Exchange for an aggregate consideration of around ₹2,450 crore. EPIC, an associate of Welspun Mauritius Holdings Ltd., would become an associate of WPI post the transfer.
Shares of Welspun Corp gave up early gains on Monday and are now trading below the flat line at ₹816.25. The stock is down 2% so far this year, and is up 3% over the last 12 months.
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