Welspun Corp Order Book Climbs to ₹45,000 Cr, Targets EBITDA ₹5,000 Cr by 2029

The company’s order book surged to ₹45,000 crore on Monday after clinching a ₹4,000 crore high‑frequency induction welded pipe contract in the United States, pushing its visibility to 2029‑30. At 10:21 am, the stock traded at ₹2,775.70 on the NSE, reflecting a 228% gain over the past year.

Vipul Mathur, MD & CEO, said the new HFIW mill can produce pipes up to 24‑inch diameter, a strategic move to meet evolving US demand. Current US operations run at 700,000–800,000 tonnes of effective capacity; debottlenecking and optimisation aim to lift this to 1 million tonnes by the end of the year.

Beyond the US, Welspun’s joint venture EPIC secured 70‑75% of a Saudi pipeline order tied to the country’s crude evacuation network. Two new facilities—longitudinal welded and ductile iron—are in commissioning and slated to be operational by the close of the current quarter.

Data‑centre projects are emerging in the US, with new pipeline, rerouting and reconnection orders already in the portfolio. Mathur noted that the sector is shifting from discussion to execution, signalling potential revenue growth over the next two to three years.

The company projects EBITDA to climb from ₹2,800 crore to ₹5,000 crore by 2029, citing expanded capacity and new high‑margin contracts. Market cap stands at ₹73,642.43 crore, and the firm’s forward guidance points to sustained margin improvement as it leverages its growing order book.

Investors should watch the upcoming quarterly filing for detailed margin metrics and the timeline for the Saudi facilities, as these milestones will be critical to validating the company’s 2029 EBITDA trajectory.