Indian steel pipe manufacturer Welspun Corp has secured a record $1.8 billion order to supply pipes from its US manufacturing facility, strengthening its position in the North American energy and infrastructure market. The announcement sent the company’s shares up 12.1% to an all-time high on Friday.

The order, valued at nearly one-third of Welspun Corp’s market capitalization, is scheduled for execution during fiscal years 2028 and 2029. According to the company, the contract will increase its global order book to a record $4.4 billion, reflecting sustained demand for large-diameter pipes across energy and infrastructure projects.

Welspun’s manufacturing facility in Arkansas has played a key role in the company’s expansion across North America. The facility is positioned to serve growing demand from oil and gas projects, liquefied natural gas (LNG) export infrastructure, and emerging hydrogen pipeline networks.

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The latest order comes as geopolitical developments and rising energy requirements drive investments in new pipeline infrastructure. During Welspun Corp’s first-quarter earnings call, management described demand in the US market as “very buoyant,” highlighting LNG export infrastructure and increasing power requirements from artificial intelligence-driven data centers as key growth drivers.

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Welspun Corp’s strong US presence has increasingly become an important part of its global growth strategy. The company expects rising investments in energy infrastructure and the expansion of new-generation power projects to support demand for its products.

Following the order announcement, Welspun Corp shares climbed to a record ₹2,246 as of 10:04 a.m. IST on Friday. The stock has gained 173.4% so far this year, reflecting growing investor confidence in the company’s order pipeline and exposure to the expanding US energy infrastructure market.

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The latest contract marks a significant addition to Welspun Corp’s order book and reinforces the strategic importance of its US operations in supporting the company’s future growth.