Welspun Corp Gets New Export Orders Worth Rs 450 Crore

Mumbai, June 5, 2025 — Welspun Corp Ltd (BSE: 532144, NSE: WELCORP) has announced the receipt of a repeat export order for supplying 50 km of Longitudinal Submerged Arc Welded (LSAW) Pipes and Bends featuring Anti-Corrosion and Concrete Weight Coating (CWC) for a critical offshore project in the Middle East.

Cumulative Export Contracts Worth ₹450 Crore

This recent order is part of a total export contract portfolio valued at ₹450 crore, secured since the company’s previous update on May 7, 2025. All contracts relate to production from Welspun’s India pipe manufacturing facility and are scheduled for execution during FY26 and FY27. This new order brings Welspun Corp’s total consolidated global order book to approximately ₹19,300 crore, reflecting robust demand for its pipeline solutions across international markets.

Following the announcement of the ₹450 crore export orders, Welspun Corp’s share price experienced a notable increase. The stock price on 5 June 2025 at 10.30 am was 949.10, after it opened at ₹922 and reached a high of ₹968.80 during the day, a 4.34% gain from the previous close. The market capitalisation of Welspun Corp stood at ₹25,080 crore as of June 5, 2025

Strategic Importance

Welspun Corp highlighted that this order strengthens its position as a global, trusted supplier for complex sour service applications. The company attributes its continued selection by international clients to its use of advanced technology, stringent quality standards, and consistent on-time delivery.

• The reorder stems from Welspun’s proven track record in delivering high-quality LSAW pipes with anti-corrosion and concrete weight coatings, critical for demanding offshore oil and gas projects.
• Its existing clients’ satisfaction with timely deliveries, technological capability, and stringent quality standards led to this repeat order.
• The global energy infrastructure market, especially in the Middle East, continues to grow with rising offshore exploration and pipeline expansion, increasing demand for trusted pipe suppliers like Welspun.
• The company’s ability to execute large-scale export orders from its India manufacturing hub also makes it a preferred supplier in the sour service pipeline segment.

“This award underscores our dedication to advanced technology, top-tier quality, and a flawless track record in servicing sour service requirements, establishing us as a preferred and reliable partner for critical projects worldwide,” the company stated.

Execution Timeline

The entire ₹450 crore order book, including the newly awarded contract, will be executed over FY26 and FY27. These contracts are expected to enhance Welspun Corp’s export revenue and maximize the use of its Indian manufacturing capacity.

About Welspun Corp

Welspun Corp Ltd, a part of the Welspun Group, ranks among the world’s largest manufacturers of welded line pipes, with significant footprints in the oil & gas and water transportation sectors. The company operates manufacturing plants across India, the USA, and Saudi Arabia and serves customers in over 50 countries. Its product range includes HSAW, LSAW, and ERW pipes, with a combined annual production capacity exceeding 2.5 million tonnes.

In the earnings report for the January-March 2025 quarter, Welspun Corp achieved a remarkable consolidated net profit growth of over 143%, reaching ₹699.19 crore, driven largely by a decrease in expenses. This compares with a net profit of ₹287.28 crore in the same quarter of the previous fiscal year. However, the company’s revenue declined to ₹3,966.86 crore in Q4 FY25 from ₹4,543.70 crore in the corresponding period last year. During this quarter, Welspun Corp successfully reduced its expenses to ₹3,639.32 crore, down from ₹4,292.37 crore in Q4 FY24.

How Will This Order Impact Welspun Corp?

• Revenue Boost: The ₹450 crore reorder adds significant revenue visibility over FY26 and FY27, strengthening Welspun’s export order book.
• Order Book Strengthening: This addition increases Welspun’s total consolidated order book to nearly ₹19,300 crore, indicating a robust pipeline and improved business stability.
• Operational Utilization: The order will ensure optimal utilisation of its India manufacturing facility, improving operational efficiencies and cost management.
• Investor Sentiment: Repeat large orders reinforce investor confidence in Welspun’s business model and future prospects.

Outlook

With an expanding export order pipeline and a strong execution schedule through FY27, Welspun Corp is well positioned to sustain its growth momentum in the global energy infrastructure sector, especially within the high-specification pipe segment.

REF:https://nsearchives.nseindia.com/corporate/WELCORP_05062025083224_SEexportorder.pdf

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