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28 Nov
14:00

Welspun sees record order-book, Saudi demand recovery

Welspun expects Indian pipe demand to be driven by the water segment, city gas distribution, gas grid development and oil pipeline network expansion. Its Saudi Arabian joint venture mill is booked for the next two years, mainly for water projects execution. Demand has also strengthened in the Saudi oil & gas sector, driven by Saudi Aramco. Increased oil drilling, higher oil prices, evacuation of shale gas and restrictions on steel imports continue to drive t…
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