India: Welspun reports 18% q-o-q growth in steel pipe sales in Q2FY'25
Welspun Corp Ltd.'s (WCL's) steel pipe sales, which include India and US line pipes and India DI pipes, grew by 18% q-o-q to 271,000 tonnes (t) in Q2FY'25 against 229,000 t in Q1FY'25. EBITDA stood at INR 462 crore in Q2, up by 11% q-o-q. Welspun's current global order book for line pipes and DI pipes stands at 1.06 million tonnes (mnt) valued at approximately INR 12,400 crore.