Welspun Corp Wins ₹5,500 Crore US Gas Pipeline Order; Shares Fall 3.22%

Mumbai, October 23: Welspun Corp shares were trading 3.22% lower at ₹2,365.50 on Friday after its US subsidiary, Welspun Tubular LLC, secured an order worth approximately ₹5,500 crore to supply coated line pipes for a natural gas pipeline project in the United States.

The order comes from a major midstream company for a pipeline serving a data centre complex operated by one of the leading global hyperscalers. The project links energy transmission infrastructure with growing demand for power to support large-scale data centres.

Order Details and Execution Timeline

The coated line pipes will be supplied for a natural gas pipeline project in the Permian region of the US. Welspun Corp said the order will be executed from its US manufacturing facility during FY29.

With this order, the company’s global order book has reached approximately $5.25 billion, equivalent to around ₹50,000 crore, marking a record level for the company.

The project also places Welspun in two expanding infrastructure segments: natural gas transmission and energy supply for large data centre developments.

Welspun Corp Share Price Performance

The Welspun Corp share price was trading 3.22% lower at ₹2,365.50 on Friday, October 23, 2026, compared with the previous close of ₹2,444.20. The stock opened at ₹2,408.

Despite the sizeable order to win, the stock traded lower during the morning session. The price movement alone does not establish a direct link between the order announcement and the decline.

About Welspun Corp

Welspun Corp Limited manufactures steel pipes and related products used in energy transmission and infrastructure projects. It serves customers across domestic and international markets through its manufacturing operations.

Conclusion

The ₹5,500 crore order strengthens Welspun Corp’s position in the US pipeline market and takes its global order book to a record level. Execution is scheduled for FY29, making delivery timelines and order conversion important factors to track.

Source:

• https://www.nseindia.com/get-quote/equity/WELCORP/Welspun-Corp-Limited
• https://nsearchives.nseindia.com/corporate/WELCORP_23102026090904_SEOrder.pdf