Welspun Corp wins repeat export order to supply 50 km pipes and bents in the Middle East

Welspun Corp wins repeat export order to supply 50 km pipes and bents in the Middle EastWelspun Corp said that since its previous announcement on May 7, 2025, it has received additional orders collectively worth ₹450 crore for its India pipes facility.By Shloka Badkar June 5, 2025, 9:07:01 AM IST (Published)2 Min ReadWelspun Corp Ltd. on Thursday, June 5, said it has won a repeat export order to supply 50 km of LSAW pipes and bents with anti-corrosion and CWC coating.

The company said the order is for a "critical offshore project in the Middle East".

Welspun Corp said that since its previous announcement on May 7, 2025, it has received additional orders collectively worth ₹450 crore for its India pipes facility.

The orders will be executed in FY26 and FY27.

On Tuesday, the company's managing director and CEO Vipul Mathur told CNBC-TV18 that it is introducing a new product Sintex OPVC pipe and increasing production capacity. “Sintex OPVC is going to be a game changer. We are very bullish on that,” he said. Production will begin in Bhopal with two lines and later expand to Raipur and southern India. The company plans to roll out six production lines over the next 9 to 15 months.

He also said Welspun Corp is investing ₹1,000 crore in capacity expansion, especially for High-frequency Induction Welding (HFIW) and Longitudinal Submerged Arc Welded (LSAW) pipe segments, which are in high demand for projects like hydrogen transport and liquified natural gas (LNG) terminals. These segments require heavy-duty pipes, including 24-inch lines that the company could not produce earlier. The new investment will help meet those needs.

Welspun Corp's March quarter net profit declined 9.7% to ₹131.8 crore from ₹146 crore in the year-ago period. Its revenue of ₹2,646 crore was up 2.7% from the ₹2,575.2 crore it reported in the fourth quarter of the previous fiscal.

Welspun Corp's earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 12% to ₹316 crore against ₹358.6 crore in the previous fiscal. Its operating margin also contracted to 11.94% from 13.93% in the year-ago period.

The company's board of directors also recommended a final dividend of ₹1.7 per equity share (face value of ₹1), or 170%, for FY25. The same is subject to shareholder approval and will be paid to those holding shares as on the record date of June 27, 2025.

Shares of Welspun Corp ended the previous trade session 1.04% lower at ₹911 apiece. The stock has gained 18.74% in the past month.

Also Read: M&M's EV business can spring a positive surprise, taking the shares higher: HSBC

Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayWelspun Corp