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Welspun Corp Ltd Signs MOU With Saudi Aramco

Welspun Corp Ltd Signs MOU With Saudi Aramco

BY Realty+
Published - Thursday, 16 Jan, 2025
Welspun Corp Ltd Signs MOU With Saudi Aramco

Welspun Corp Ltd has signed a Memorandum of Understanding (MOU) with Saudi Aramco at the ongoing Aramco IKTVA Forum & Exhibition 2025, to establish a state-of-the-art Longitudinal Submerged Arc Welded (LSAW) line pipe manufacturing facility in the Kingdom of Saudi Arabia. The facility, located in Dammam 3rd Industrial City, will have an annual production capacity of 350,000 MT and is expected to commence operations by mid-2026.

Welspun Corp, a one of the global leaders in manufacturing large-diameter line pipes, has been a regular partner of Saudi Aramco for nearly two decades, contributing to several prestigious oil & gas pipeline projects within the Kingdom.

The new facility will be equipped with comprehensive capabilities to support future line pipe requirements for Saudi Aramco's ongoing and upcoming projects, including the transmission of oil, gas, hydrogen, and CCUS developments. This collaboration reinforces Welspun Corp's position as a trusted partner in the global energy sector, while also contributing to the Kingdom’s strategic industrial goals.

Welspun Corp Ltd (WCL) is the flagship company of Welspun World, with a diverse business portfolio in pipe solutions and building materials. WCL is among the top three manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50+ countries by delivering key customized solutions for both onshore and offshore applications. In the Pipes Solutions vertical, WCL also manufactures Ductile Iron (DI) Pipes and Stainless-Steel Pipes, Tubes & Bars.

In the Building Materials vertical, Welspun Corp has augmented its portfolio by acquiring Sintex-BAPL, a market leader in water storage tanks and plastic products. WCL also manufactures TMT rebars under the brand name of Welspun Shield, an integral component in building and infrastructure industry.

The company has state-of-the-art manufacturing facilities in Anjar (Gujarat), Bhopal (Madhya Pradesh), Mandya (Karnataka) and Jhagadia (Gujarat) in India, with another 6 manufacturing facilities for its Sintex business. Overseas, WCL has a manufacturing presence in Little Rock, Arkansas, USA and Dammam, KSA. On the sustainability front, WCL is ranked amongst the top 4 percentile in the steel industry by S&P Global’s Dow Jones Sustainability Index (DJSI).

 

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