Latest news with #LongitudinalSubmergedArcWelding
News18
29-07-2025
- Business
- News18
Welspun Corp Q1 profit rises 41 pc to Rs 349 cr
Agency: PTI New Delhi, Jul 29 (PTI) Welspun Corp Ltd (WCL) on Tuesday posted around 41 per cent growth in consolidated net profit to Rs 349.16 crore for June quarter, driven by higher revenues mainly from steel products. Welspun Corp, the flagship company of USD 5 billion Welspun World, had clocked a net profit of Rs 247.03 crore in the April-June period of preceding 2024-25 financial year. In the first quarter, income increased to Rs 3,586.52 crore from Rs 3,179.67 crore in the same period a year ago, it said in an exchange filing. Revenue from steel products segment was at Rs 3,393.06 crore, higher from Rs 3,137.23 crore in the year-ago quarter. In an investor presentation, the company said its orderbook has reached to the level of Rs 19,000 crore in line pipes, ductile iron (DI) pipes and SS bars and pipes. Welspun Corp said it is investing around Rs 5,482 crore in India and abroad on various projects which are on track and scheduled to be completed by FY27. Sharing outlook for line pipes, the company said it continues to observe strong demand for Longitudinal Submerged Arc Welding (LSAW) pipes for critical applications such as deep offshore. The demand will also remain on the back of growing demand from oil and gas and water sectors. As per company data, its gross debt was Rs 1,032 crore in Q1FY26. Weslpun Corp is among the top three manufacturers of large-diameter pipes globally and has established footprint across 50+ countries by delivering key customised solutions for both onshore and offshore applications. It also manufactures DI pipes and stainless steel pipes, tubes and bars. PTI ABI ANU view comments First Published: July 29, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Trade Arabia
12-02-2025
- Business
- Trade Arabia
Saudi Steel Pipe unit lands $243m Aramco supply contract
Saudi Steel Pipe Company has announced that one of its key units has secured a SAR910 million ($243 million) order from Saudi oil giant Aramco for the supply of Longitudinal Submerged Arc Welding (LSAW) pipes. As part of the contract, its consolidated subsidiary, Global Pipe Company, will supply LSAW pipe for the accelerated carbon capture and storage hub being set up by Aramco in Jubail, said Saudi Steel Pipe in its filing to the Saudi bourse. The entire work will be completed within a 15-month period. The financial impact is expected to materialize partly in the second semester of 2025 and partly the first semester of 2026, it added. This comes close on the heels of SSP's SAR138 million contract win last year from Aramco for supply of oil and gas steel pipes for a key project in the kingdom.
