Welspun Corp Wins Major Order for Coated LSAW Pipes and Bends

Key Takeaways from Welspun Corp Order Win:

• Welspun Corp secured a significant order from the Middle East for Coated LSAW Pipes and Bends designed for sour service.
• The execution of these orders is planned for FY25 and FY26.
• This order brings the total cumulative value of line pipe orders to approximately ₹1,348 Crore, received in both India and the USA since July 24, 2024.

This order contributes to a total cumulative value of approximately Rs 1,348 Crore in line pipe orders received in both India and the USA since our last update on July 24, 2024.

About Welspun Corp Limited:

Welspun Corp Limited, part of the $5 billion Welspun World, is known for tackling some of the most ambitious projects globally, including the world's deepest, heaviest, and longest pipelines. As part of its strategy for growth and diversification, the company has established a new Greenfield facility in Anjar, Gujarat, dedicated to manufacturing Ductile Iron (DI) Pipes with a production capacity of 500,000 metric tons per year. This modern facility features advanced technology, including a Blast Furnace capable of producing the same amount of hot metal annually, along with other essential components like a Sinter Plant and a Coke Oven.

In addition to the new facility, Welspun Corp has an existing setup that produces BIS Certified Steel Billets and Direct Reduced Iron, which will be used to manufacture TMT bars. This move marks a significant shift for the company as it expands from large-scale B2C manufacturing into new product lines like TMT Rebars. The company also produces Stainless Steel Pipes, Tubes, and Bars. In 2022, Welspun Corp made a strategic acquisition of ABG Shipyard and completed the acquisition of Sintex BAPL's Plastic Products business in early 2023.

Key Takeaways from Kalpataru Projects International Order Win:

• Kalpataru Projects has secured new orders amounting to Rs 1,241 Crores, reflecting its strong market position and growth potential.
• The new projects encompass a range of sectors, including Transmission and Distribution (T&D) both domestically and internationally, along with residential and commercial building projects within India.
• This acquisition of new orders indicates Kalpataru's strategic focus on expanding its footprint in both domestic and global markets, reinforcing its capabilities in engineering and construction.

The new orders include projects in the Transmission and Distribution (T&D) sector, both in India and in international markets, as well as residential and commercial building projects within India.

Manish Mohnot, MD & CEO, Kalpataru Projects International, said, “We are happy with the robust ordering momentum. These new orders has further strengthen our order book with YTD order inflows reaching over ₹ 11,000 Crores.” 

“More importantly, nearly 80-85% of the new order inflows including L1 are from our Transmission & Distribution (T&D) and Buildings and Factories (B&F) business, which gives us good confidence to deliver sustainable growth and profitably on back of our robust capabilities, strong track record and leading market position in these businesses,” Mohnot added.

About Kalpataru Projects International Limited: 

Kalpataru Projects International Limited (KPIL) is one of the largest specialised engineering, procurement, and construction (EPC) companies in India. It works in various areas, including power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility (like flyovers and metro rail), highways, and airports. KPIL is active in over 30 countries and has a presence in more than 70. The company has a strong position in its key sectors, thanks to its skilled workforce, technical expertise, and commitment to high sustainability standards.

Key Takeaway from the Launch

• Tilaknagar Industries introduces its premium whisky blend, Mansion House Gold Barrel, starting in Assam, with plans to expand across India.
• The launch marks Tilaknagar's move into the whisky category, aiming to strengthen its position in the Indian liquor market, where whisky dominates 80% of the IMFL market in the East and North-East regions.
• The whisky is a mix of select Scotch malts and Indian grain spirits, aged in oak casks for enhanced taste, aroma, and smoothness, reflecting Tilaknagar's blending expertise.

In its initial phase, Mansion House Gold Barrel Whisky has been launched in Assam, India, and is crafted from a blend of select Scotch malts and Indian grain spirits. Following the Assam release, the company plans to expand the whisky's availability to other major markets across the country.

Commenting on the launch, Mr Amit Dahanukar, Chairman and Managing Director, Tilaknagar Industries, said, “We already enjoy a leadership position in the brandy segment, the second-largest IMFL category, with millionaire brands Mansion House Brandy and Courrier Napoleon brandy. This launch aligns with our endeavour to expand our portfolio across categories, and to put a firm step forward in the whisky segment, further strengthening our position as a key alcobev player in the country.”

Tilaknagar Industries, which boasts Mansion House Brandy as India’s top-selling brandy, holds a significant market share in South India and parts of East India. The launch of Mansion House Gold Barrel Whisky in Assam is part of the company’s strategy to capture a larger share of the whisky market in East and North-East India, where whisky dominates 80% of the IMFL market.

Mr. Ahmed Rahimtoola, Chief Marketing Officer, added, “Mansion House Gold Barrel Whisky is more than just a new offering from the house of Tilaknagar Industries. This latest creation is a reflection of our blending expertise and craftsmanship in the whisky segment, the largest IMFL category.”

Aged in oak casks, Mansion House Gold Barrel Whisky offers a refined balance of taste, aroma, and smoothness. Encased in a sleek bottle, the brand also introduces a trendy 'hipster pack' for the 180-ml size, catering to popular consumer preferences in Assam. According to the IWSR report, India’s whisky market was projected to reach 252 million cases by 2023.

About Tilaknagar Industries Limited

Tilaknagar Industries Limited (TIL) ranks among India’s prominent manufacturers of Indian-Made Foreign Liquor (IMFL). Established in 1933 by Shri Mahadev L. Dahanukar as Maharashtra Sugar Mills, the company initially focused on producing sugar and related products. Under the leadership of Shri Amit Dahanukar, TI has grown to become India’s leading premium brandy manufacturer, with a portfolio that includes two 'Millionaire' brandy labels, Mansion House and Courrier Napoleon. Additionally, the company has expanded into whisky, rum, and gin, offering brands like Mansion House Whisky, Madira Rum, and Blue Lagoon Gin.

Key Takeaways from RVNL Bid Win:

• Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a project from East Central Railway.
• The total cost of the project is approximately Rs 180.01 Crores, including applicable taxes.
• The project includes the design, supply, erection, testing, and commissioning of a 2x25KV feeder line, with modifications to meet a 3000 MT loading target for the Garwa Road-Mahadiya section of the Dhanbad Division.
• The project is expected to be completed within 18 months.

The project involves the design, supply, erection, testing, and commissioning of a 2x25KV feeder line along the track, including modifications to meet a 3000 MT loading target for the Garwa Road-Mahadiya section of the Dhanbad Division. The project is to be completed within 18 months. 

About Rail Vikas Nigam Limited:

Rail Vikas Nigam Limited (RVNL) boasts a distinguished legacy that spans over two decades. Established with the aim of addressing the infrastructure gap in Indian Railways, RVNL has successfully completed more than 150 railway projects. The organisation has also adopted innovative Public-Private Partnership (PPP) models, creating several Special Purpose Vehicles (SPVs) to execute new railway initiatives. Over time, RVNL has expanded its focus from solely railway infrastructure to a broader range of infrastructure opportunities, now operating under the umbrella of "All Infra" projects, both domestically and internationally.

Since its inception in 2005, RVNL has worked to enhance rail infrastructure capacity efficiently while securing extra-budgetary resources for its SPV projects. The company has consistently received excellent ratings from the Department of Public Enterprises for multiple years, reflecting its commitment to quality and performance in the infrastructure sector.