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Welspun Corp’s FY27 Order Book Surpasses Rs 44,100 Crore
Welspun Corp makes large steel pipes for energy and water projects.
Its order book for FY27 has grown beyond Rs 44,100 crore.
A very large order from its US factory will be completed in FY2028 and FY2029.
The company also received another US order worth about Rs 960 crore.
Its Saudi associate signed a contract worth more than Rs 2,000 crore with Saudi Aramco.
An Indian factory received orders worth about Rs 1,400 crore for oil and gas projects.
The company says energy, water, gas, and infrastructure projects are supporting demand.
Welspun also reported strong quarterly profits and its highest-ever quarterly EBITDA.
Welspun Corp’s FY27 order book has crossed Rs 44,100 crore, including Rs 24,750 crore received by July 22.
The company secured its largest-ever US facility pipe-supply order, reported at approximately Rs 17,200 crore, or around Rs 18,160-19,000 crore in other references.
The US order is scheduled for execution during FY2028 and FY2029, while a separate Rs 960 crore coated line-pipe order was awarded on July 27.
Welspun’s Saudi associate, East Pipes Integrated Company for Industry, signed a more than Rs 2,000 crore Saudi Aramco contract on September 20.
In Q1FY27, consolidated net profit was Rs 1,046 crore, EBITDA rose 35% year-on-year to Rs 756 crore, and net cash reached Rs 2,336 crore.
- Who
- Welspun Corp and its Saudi associate, East Pipes Integrated Company for Industry, along with customers including Saudi Aramco.
- What
- Welspun Corp expanded its order book beyond Rs 44,100 crore through pipe-supply contracts in the United States, Saudi Arabia, and India.
- Where
- The orders involve Welspun facilities in the United States and India, and East Pipes’ operations in Saudi Arabia.
- When
- The reported orders were received or announced between July and September during FY27; the largest US order is scheduled for execution in FY2028 and FY2029.
- Why
- Demand is being supported by LNG exports, oil and gas pipelines, data-center power infrastructure, gas-grid projects, water infrastructure, and other strategic initiatives.
Key facts
- FY27 order book
- More than Rs 44,100 crore so far
- Orders received by July 22
- Rs 24,750 crore
- Largest US order
- Reported at approximately Rs 17,200 crore, with other references citing around Rs 18,160-19,000 crore
- US order execution
- FY2028 to FY2029
- Saudi contract
- More than Rs 2,000 crore, including VAT, from Saudi Aramco
- Q1FY27 EBITDA
- Rs 756 crore, up 35% year-on-year and the company’s highest-ever quarterly EBITDA
- Q1FY27 net cash
- Rs 2,336 crore after Rs 834 crore of capital expenditure
Quotes
Welspun Corp
Pipe solutions and building materials company
“Government’s continued focus on National Gas Grid, City Gas Distribution, refinery capacity expansion and other strategic initiatives are expected to drive demand for O&G pipelines. Irrigation and river interlinking projects and Jal Jeevan Mission (JJM), serve as key demand drivers for water pipelines. Strong export focus remains another vector of growth.”
financialexpress.com
“The medium to long term demand outlook remains strong, supported by LNG exports, AI data-centre power infrastructure, and onshore and offshore oil pipeline investments.”
financialexpress.com
Sources
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