Welspun Corp on Wednesday announced that it has received a letter of award (LOA) for export of line pipes from India. The contract, it added, is for the supply of LSAW pipes, coating and bends in Latin America.
“We are pleased to announce the receipt of binding Letter of Award (LOA) for export of line pipes from India. The contract, valued at ~ Rs 611 Crore is for supply of LSAW Pipes, Coating and Bends in Latin America,” the company said in a regulatory filing.
The execution of the contract shall be done in FY25, Welspun Corp added.
Earlier this week, Welspun Corp had received multiple line pipe orders, both in India and USA, cumulatively valued at approximately Rs 872 crore. The orders, the company had stated, were received in the last one month to supply multiple-line pipes.
Among these orders, it had added, one is for supply of Concrete Coated LSAW Pipes and Bends for a critical oil transportation project in the Middle East. Welspun Corp said that the line pipes shall be used for extreme sour service application.
Welspun Corp is primarily engaged in the business of manufacture and distribution of steel and steel products.