Welspun Corp Ltd. on Tuesday, October 1, said it bagged an order in the US worth ₹2,400 crore for the supply of coated HSAW pipes for a natural gas pipeline project.

The order will be executed in the current financial year and financial year 2026, the company said.

“This win further reinforces our credibility and demonstrates our leading position in the USA market. Our outlook for the USA market remains extremely positive and there are few more projects, where we have participated and are favourably placed for orders,” the company said in a stock exchange filing.

This is the second order the company has received in two days. On Monday, the company said it received an order from the Middle East to supply coated LSAW pipes and bends. Welspun Corp said that after receiving Monday’s order, the cumulative value of its line pipe orders in India and the US stood at ₹1,348 crore. The company mentioned that the orders will be executed during FY25 and FY26.

The company’s shares hit a fresh all-time high of ₹794.75 in trade on Tuesday, October 1, but soon gave up its gains. The stock was trading flat at ₹766 apiece at 9.40 am on Tuesday. It has gained 34.32% this year, so far.

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