India's Welspun bags $580 million US gas pipeline order tied to data centre buildout

Welspun

Today 05:18

Oct 23 (Reuters) - India's Welspun Corp WGSR.NS 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
The pipes will be produced at its US subsidiary, Welspun Tubular LLC, with deliveries expected during fiscal 2029
Welspun's global order book has reached a record $5.25 billion



($1 = 94.7875 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Mrigank Dhaniwala)
 ((Abhinav.Parmar@thomsonreuters.com;))