India’s Welspun Corp has announced a board-approved investment of approximately USD 100 mln to upgrade its pipe manufacturing unit in the United States, according to a stock exchange filing.
The investment, to be made through Welspun Pipes Inc., aims to enhance the company’s High Frequency Induction Welding (HFIW) pipes manufacturing and coating capabilities. This strategic upgrade, set to unfold over 18 months, will expand Welspun’s product portfolio with pipe sizes up to 24 inches in diameter and 0.750 inches in wall thickness, and grades up to X80, reaching a capacity of 350,000 tons per annum.
The upgrade is expected to strengthen Welspun’s position in the U.S. oil and gas market and support growth in hydrogen and carbon capture applications in North America. The line pipe market outlook in the U.S. remains robust, driven by strong LNG export performance and active drilling in the Permian Basin, which fuels demand for new gas pipelines to the Gulf Coast.
As a major global manufacturer of large diameter pipes, Welspun Corp Ltd. operates across six continents and 50 countries, with an annual production capacity of 2.2 mln tons. The company’s manufacturing capabilities include BIS-certified billets, rebars, ductile iron pipes, and stainless steel pipes. Welspun Corp Ltd. has manufacturing facilities in Anjar (Gujarat), Bhopal (Madhya Pradesh), Mandya (Karnataka), and Jhagadia (Gujarat) in India, as well as units in Saudi Arabia and the USA.
