Welspun Corp delays Saudi project commissioning to end-2026
Management holds FY27 revenue targets at ₹20,000 cr, citing US power and data centre demand as long-term drivers.
— 1 earlier story on Welspun Corp Ltd. →What's new
- Saudi pipe and ductile iron plants delayed until end of calendar 2026.
- FY27 targets remain at ₹20,000 cr revenue and ₹2,850 cr EBITDA.
- CEO expects US LNG and data centre demand to sustain growth for 5-7 years.
Why it matters
The delay in Saudi capacity shifts the execution timeline. The next test is whether the company hits its full-year EBITDA target of ₹2,850 cr without the expected output from these greenfield assets.
What we're watching
- Construction milestones for Saudi facilities in Q3 and Q4.
- Volume growth in US pipe shipments.
- Actual demand recovery in the Indian water sector during H2 FY27.
The full read
Welspun Corp expects to hit ₹20,000 crore in revenue this fiscal year. Management held this target during a May 22 conference call, despite disclosing a delay in two Saudi greenfield projects. The pipe and ductile iron plants in Saudi Arabia are now slated for launch by the end of calendar 2026, pushing back the original March deadline. Growth prospects hinge on the US market. The CEO identified LNG infrastructure and data centre power needs as engines for the next 5 to 7 years. In India, management eyes the water sector for a recovery in the second half of FY27. What changes from here is the reliance on US orders to make up for the slower-than-planned capacity expansion in the Middle East. The target EBITDA of ₹2,850 crore is the anchor.