Paras Defence Bags $3.8M Export Order from Israel's Elbit: Strengthening Indo-Israeli Defence Ties

  Paras Defence and Space Technologies Ltd, a key player in India's defence manufacturing ecosystem, has secured a $3.8 million (₹34 crore) export order from Elbit Security Systems Ltd, Israel. Disclosed on September 26, 2025, the contract involves supplying advanced electro-optics products, with execution slated between February and November 2026. This deal underscores Paras' growing international stature and deepens bilateral defence collaboration amid global supply chain shifts. The Deal: Electro-Optics for Cutting-Edge Applications The order focuses on electro-optical systems—critical for surveillance, targeting, and night vision in defence platforms. Paras will leverage its expertise in optics and electronics to deliver these high-precision components, aligning with Elbit's needs for unmanned systems and border security. Valued at ₹34 crore, it's Paras' latest in a string of wins, following ₹45 crore from BEL for signal processing systems. Paras, founded in...
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Welspun Corp Bags ₹1,600 Crore Export Orders: Order Book Swells to ₹18,000 Crore Amid Global Demand Surge

 

Welspun Corp Ltd, a global leader in large-diameter steel pipe manufacturing, has secured fresh export orders worth ₹1,600 crore since June 2025, propelling its consolidated global order book to an impressive ₹18,000 crore. This announcement, made on September 26, 2025, highlights the company's robust execution capabilities and strengthens its position in the Oil & Gas sector. The new contracts, primarily for coated LSAW line pipes and bends from a prestigious Middle East client, will be fulfilled from its Indian facility, ensuring business continuity across India and the US operations.

Decoding the Order Book Milestone

The ₹1,600 crore influx includes repeat export deals for critical offshore projects in the Middle East, underscoring Welspun's reputation for high-quality, anti-corrosion coated pipes essential for energy infrastructure. With execution slated for FY26 and FY27, these orders provide revenue visibility for the next two years. Welspun's global order book now offers a healthy mix of domestic and international exposure, mitigating risks from regional volatility.

Founded in 1995, Welspun specializes in carbon steel line pipes, ductile iron pipes, and allied products, serving giants like Saudi Aramco and US pipelines. The company's FY25 EBITDA margins improved to 15% from 12%, driven by operational efficiencies and a 40% earnings surge to ₹526 crore. This latest win reinforces its strategy of backward integration and export-led growth, with the Middle East accounting for a significant share of its pipeline.

Strategic Edge in a Competitive Landscape

In an era of energy transition, demand for reliable pipeline infrastructure remains buoyant. Welspun's Indian facility, equipped for large-diameter pipes up to 60 inches, positions it as a key supplier for LNG and offshore developments. The orders align with global trends: Middle East's Vision 2030 investments and US shale boom. Analysts note that Welspun's order book, valued at ₹18,000 crore, ensures 2-3 years of visibility, buffering against steel price fluctuations.

The stock rose 6% to a record high post-announcement, reflecting optimism. With a market cap of ₹10,000 crore, Welspun's focus on sustainability—via low-carbon steel and recycling—appeals to ESG investors. Challenges like raw material volatility persist, but its diversified portfolio (exports 60%) offers resilience.

Powering Global Energy: Welspun's Road Ahead

This deal cements Welspun's role in the $100 billion global pipe market, projected to grow 5% annually. As India pushes for energy self-sufficiency, Welspun's exports not only boost forex but also enhance 'Make in India'. Future expansions into hydrogen-ready pipes could unlock new avenues. For stakeholders, it's a testament to strategic execution in a dynamic sector.

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