Welspun Corp Ltd (WELCORP) — Announcement | 1 September 2026

Welspun Corp announced a memorandum of understanding with Perma-Pipe International to establish a joint venture in Jordan for pipe manufacturing and coating facilities, targeting water, oil and gas, and infrastructure projects in the Levant region. The partnership aims to leverage Welspun’s large-diameter steel pipe capabilities and Perma-Pipe’s anti-corrosion coating expertise to support Jordan’s National Water Carrier Project and broader regional infrastructure development. This strategic move expands Welspun’s footprint into a high-growth market with long-term infrastructure investment potential.