Business news · AI & Tech · 23 Oct 2026
INUS Metals & Mining Capital Goods
AI: Cloud and data centres · India AI — more AI news
Welspun Corp told the exchanges that its US subsidiary, Welspun Tubular LLC, won an order worth about ₹5,500 crore from an unnamed midstream energy company to supply coated line pipe for a natural-gas pipeline in the Permian region. The pipeline will serve a data-centre complex run by an unnamed hyperscale technology company. The pipe will be made at Welspun's US plant during FY29.
The order shows AI data-centre spending reaching Indian suppliers through the power behind it: on-site gas generation needs new pipelines, and US-made pipe avoids import tariffs. Welspun puts its global order book at about $5.25 billion (nearly ₹50,000 crore), its highest. The revenue lands in FY29, so it does not affect the next few quarters. Other Indian pipe and steel makers with US plants sell into the same buildout.
Reported by Free Press Journal ↗ on 23 Oct 2026.
No trading session has closed since this was reported yet — the table appears after the next close.
The close shows where a higher policy rate was priced first: capital-heavy metal producers (Hindalco, JSW Steel, Tata Steel) and borrowers' purchases such as vehicles and homes, where loan costs feed straight into…
These are the drafts companies lodged in the last days of September and the first days of October, now public for comment. A draft is not an IPO: SEBI's observations usually take months and several filings never reach…
A memorandum is a statement of intent, not a funded order: no timeline or financing plan was given, and the sum is large against the company's present size, so how it is paid for is the open question for shareholders…
Bauxite is the starting raw material for alumina and aluminium, so the ruling settles a cost dispute rather than changing output. CLSA estimates a near-term rise in production cost of roughly $10 a tonne and a one-time…