Welspun Corp. Limited announced the receipt of binding Letter of Award (LOA) for export of line pipes from India. The contract, valued at ~ INR 6,110 Million is for supply of LSAW Pipes, Coating and Bends in Latin America.

This LOA is governed by conditions precedent, and shall be followed up with a Notice to Proceed /Purchase Order, which is to be issued by the second week of May. The execution of this contract shall be done in Fiscal year 2025.