Welspun Corp wins ₹5,500-crore US order for data centre gas pipeline
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Welspun Corp won a ₹5,500-crore order to supply pipes for a US natural gas project.
- ✓The company said on Friday that this pipeline will serve a data centre complex.
- ✓Welspun Tubular LLC will handle the work, with deliveries expected in fiscal 2029 as the firm’s global order book reached a record.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
The order will be executed by Welspun Tubular LLC, with deliveries expected in fiscal 2029 as the company's global order book reaches a record
India's Welspun Corp has won an order worth about 55 billion rupees ($580.3 million) through its US subsidiary to supply coated-line pipes for a natural gas pipeline project in the Permian Basin, a key oil-producing field.
Here are some more details:
* The pipeline will serve a data centre complex run by a top-tier hyperscaler, the company said on Friday, without naming the firm
* Data centre operators are increasingly seeking reliable natural gas supplies to power their facilities
* Welspun Corp manufactures large-diameter steel pipes for oil and gas transportation projects and has a presence in more than 50 countries, alongside businesses in building materials, infrastructure and industrial solutions
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