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14 Feb
15:04

Project delays impact Welspun's December-quarter performance, outlook good

The National Gas Grid expansion and various planned water projects across India bode well for pipe demand, according to Welspun. Investments in the Middle East and North Africa, heavy oilfield developments in Africa and Canada, and deep-sea developments are seen driving global demand, meanwhile. In the third fiscal quarter through December 2016 (FQ3) Welspun’s consolidated pipe sales fell -35% on-year to 163,000 tonnes – its Saudi-based mill fai…
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