Welspun Corp receives $5.5 billion pipeline order in the US; order book reaches record high
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Business Standard
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Welspun Corp receives $5.5 billion pipeline order in the US; order book reaches record high

Welspun Corp announced it secured a major order worth approximately 5,500 crore rupees from a significant American company operating in the midstream oil and gas sector. This order involves supplying coated lined pipes for a gas pipeline that will serve a complex of data centers.

According to a report filed with the stock exchange on Friday, this contract increased Welspun's global order book to a record $5.25 billion (equivalent to approximately 50,000 crore rupees), marking the highest figure in the company's history.

The specific order was won by Welspun Tubular LLC in the US and will be executed at its American facility during the 2028–2029 fiscal year (FY29). The pipeline is intended to supply gas to the main client—a complex of data centers managed by one of the world's leading hyperscalers.

This development links Welspun's pipeline activities to the growing demand for energy infrastructure required to support the expansion of AI-managed data centers. The company did not disclose the client's identity or the pipeline's capacity.

The latest contract continues a series of major wins for the company in recent months. In September, the American subsidiary secured an order worth approximately $412.5 million for high-frequency induction welded pipes, which will be manufactured at the upgraded facility in Little Rock, Arkansas.

Previously, in August, the company announced its largest ever order, valued at approximately $1.8 billion, for the supply of pipes from its US manufacturing plant. This order is scheduled for execution during FY28 and FY29, reflecting the scale of the need for pipeline infrastructure in the US market.

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US authorizes temporary Russian diesel operations until April 2027
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noticiasaominuto.com

US authorizes temporary Russian diesel operations until April 2027

The United States has granted temporary permission for activities related to the sale, delivery, unloading, and importation of Russian diesel fuel, allowing its entry into the American market until April 7, 2027, despite sanctions imposed on Moscow.

This license issued by the Office of Foreign Assets Control (OFAC) enables such transactions despite restrictions placed on Russia, but maintains prohibitions on payments made through the accounts of three Russian state financial entities.

In this context, US President Donald Trump stated that he had reached an agreement with his Russian counterpart, Vladimir Putin, guaranteeing the immediate supply of over 300,000 tons of diesel fuel for global markets, including the American one.

Trump added that, depending on the condition of its diesel refineries, Russia would additionally provide 3,000,000 tons of diesel fuel in the near future.

This determination constitutes a provisional suspension of US sanctions, allowing the resumption of trade relations with Russian diesel, including its import into the United States. The validity of this authorization extends until April 7, 2027, reiterating the impossibility of making charges to the accounts of the three Russian state financial institutions.

Previously, the United States had banned the import of Russian oil and derivatives on March 8, 2022, as part of sanctions aimed at reducing Moscow's energy earnings following the Russian invasion of Ukraine. Although this ban took effect immediately, it was permitted to settle certain prior contracts until April 22 of that year.

The new directive emerges during a period of pressure on Republican leader Donald Trump, motivated by rising fuel prices due to the conflict with Iran and a notable drop in his popularity shortly before the US legislative elections.

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