Sub: Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We are pleased to announce winning the single largest order in our history for supply of pipes valued at Rs. 5000 + crores (approx) in the United States.
This order is for supply of 325,000 MT (approx) of large diameter coated pipes for transporting natural gas from the Permian Basin to Houston. The pipes for this order will be produced from our Little Rock plant in the US and the same will be executed over a period of 12 months, commencing H2 of FY 23.
This large new order from the US comes on the back of another win we had announced in April 2022, of a 26,000 MT order from a long-standing customer in North America, as well as another large order from Australia.
With this, our order book as on date (excluding Saudi) stands at 704,000 MT valued at Rs.10,500 crores (approx).
Vipul Mathur, Managing Director and Chief Executive Officer, Welspun Corp Limited, said, "We are delighted to win the single largest order in the history of our company. Our deep understanding of customer needs, quality orientation, and impeccable execution track record coupled with world class technology and innovation is what differentiates us. Our pan global order book and successive wins in a highly competitive environment validate our global leadership position in this market segment.
We are confident that given the prevailing high energy prices and increasing demand scenario, further opportunities are likely to arise over the mid-to-long term in both the Global and the US market, and we would see more opportunities being converted to business, enabling a healthy and profitable order book at Welspun Corp over the next few years. "
The above is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and the Company's Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.
Thanking you.
Yours faithfully,
For Welspun Corp Limited
Pradeep Joshi
Company Secretary
FCS-4959
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Welspun Corp. Limited published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 05:24:08 UTC.
Welspun Corp Limited is engaged in the business of manufacturing steel products and plastic products. The Company is engaged in the business of production and coating of high-grade submerged arc welded pipes, hot rolled steel plates and coils. It is a service provider of welded line pipes, ductile iron pipes, stainless steel pipes, tubes and bars. It offers end-to-end products, comprehensive pipe solutions and ancillary services, using technology to build its capabilities. Its diversified product portfolio includes stainless steel and alloy, water tanks, uPVC interiors, carbon steel line pipes, ductile iron pipes, TMT rebars and pig iron. It has set up an integrated Ductile Iron (DI) Pipes facility with a capacity of 400,000 MT along with other value-added ancillary services at Anjar, Gujarat. The Companyâs manufacturing facilities are strategically located in India, the United States and Saudi Arabia. It has a diversified presence in over 50 countries.
WELSPUN CORP LIMITED 
