{"url":"https://newsforagent.com/news/2026-10-29/welspun-corp-us-jordan-expansion","markdown_url":"https://newsforagent.com/news/2026-10-29/welspun-corp-us-jordan-expansion.md","title":"Welspun Corp Approves $240 Million US and Jordan Pipe Expansion","headline":"Welspun Corp Approves $240 Million for US and Jordan Pipe Expansion as Q2 Profit Rises 13%","description":"Welspun Corp approved $115 million for its Little Rock, Arkansas spiral pipe plant and $125 million for a Jordan partnership.","section":"Earnings & Results","published_at":"2026-10-29T09:46:14+00:00","modified_at":"2026-10-29T09:46:14+00:00","author":"News Desk","key_takeaways":["Welspun Corp's board approved up to $115 million to add 225,000 MTPA of spiral pipe capacity at its Little Rock, Arkansas facility.","The company approved up to $125 million for a Jordan partnership with Perma-Pipe International Holdings, shared roughly equally between the two partners.","Welspun Corp reported a 13.2% year-on-year rise in consolidated net profit to ₹498.6 crore for the September quarter."],"companies":[{"name":"Welspun Corp","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000jcau/welspun-corp","website":"https://www.welspuncorp.com"},{"name":"PERMA-PIPE International Holdings, Inc.","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0008jey/perma-pipe-international-holdings-inc","website":"http://www.permapipe.com"}],"source":{"publisher":"CNBCTV18","title":"Welspun Corp Q2 Results: Net profit rises 13%, $240 million expansion plans approved - CNBC TV18","url":"https://www.cnbctv18.com/market/welspun-corp-q2-results-share-price-net-profit-rises-13-pc-to-rs499-crore-revenue-steel-products-segment-us-expansion-plan-approved-20022414.htm"},"other_sources":[],"tags":["Earnings & Results","Welspun Corp","PERMA-PIPE International Holdings, Inc."],"body_markdown":"Welspun Corp's board approved up to $240 million in overseas pipe investments alongside its September-quarter results, including $115 million to expand spiral pipe capacity in Little Rock, Arkansas, and $125 million for a Jordan partnership with Perma-Pipe International Holdings. The company reported a 13.2% year-on-year rise in consolidated net profit to ₹498.6 crore for the quarter, [CNBC TV18](https://www.cnbctv18.com/market/welspun-corp-q2-results-share-price-net-profit-rises-13-pc-to-rs499-crore-revenue-steel-products-segment-us-expansion-plan-approved-20022414.htm) reported on October 29, 2026.\n\n## Welspun Corp's Arkansas and Jordan Pipe Plans\n\n[Welspun Corp](https://akta.pro/company-profiles/000jcau/welspun-corp) is an Indian-listed manufacturer of large-diameter welded carbon steel line pipes, ductile iron pipes, TMT rebars and stainless steel products, serving oil and gas, water infrastructure and energy customers from plants in India, the United States and Saudi Arabia.\n\nThe Arkansas investment will add 225,000 metric tonnes per annum of spiral pipe capacity to the existing 350,000 MTPA at the Little Rock facility. The additional facility is expected to become operational in March 2028 and will be funded through internal accruals.\n\nThe Jordan investment covers spiral pipe manufacturing and coating facilities with [Perma-Pipe International Holdings](https://akta.pro/company-profiles/0008jey/perma-pipe-international-holdings-inc), with the outlay shared approximately equally between the two partners. The facilities will make and coat pipes ranging from 24 inches to 120 inches for water, oil and gas, energy and infrastructure projects in Jordan and surrounding markets.\n\nRevenue for the quarter rose 6.2% year on year to ₹4,644 crore from ₹4,373.6 crore. EBITDA increased 23% to ₹726.7 crore, and the EBITDA margin expanded to 15.6% from 13.5%, an improvement of 210 basis points. The steel products segment reported revenue of ₹4,462.5 crore, while the segment including plastic products rose to ₹181.3 crore from ₹149.7 crore.\n\n## Welspun Corp's Earlier US Capacity Push\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Welspun began a $100 million expansion of its Little Rock, Arkansas facility in 2025 to scale US capacity, with the site substantially booked through FY28 to serve LNG export and AI data center pipeline demand. The same records show a consolidated global order book of ₹25,350 crore, or about $2.6 billion, as of May 2026, and FY26 revenue of ₹16,770 crore, up 20% year on year.\n\n## Welspun Corp's Order Book and Analyst Coverage\n\nThe Times of India reported in October 2026 that Welspun's US order book provides visibility for nearly three years and that the company holds a 30-35% market share in the US oil and gas pipe market. CNBC TV18 reported in September 2026 that Welspun's global order book had reached a record ₹45,000 crore after its US arm secured a ₹4,000 crore order. Nuvama Institutional Equities said the same month it was positive on Welspun, citing capacity expansion and demand recovery.\n\n## When Welspun Corp's New Capacity Starts\n\nThe Arkansas addition is expected to become operational in March 2028, according to the company's announcement.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}