HomeNewsBusinessWelspun Corp ropes in Tata Steel to develop 'framework' and manufacture for pipes for hydrogen transportation
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Welspun Corp ropes in Tata Steel to develop 'framework' and manufacture for pipes for hydrogen transportation

While Welspun Corp Ltd, the flagship company of Welspun Group, is a leading welded line pipe manufacturer, Tata Steel is among the top three steel making companies in India.

June 09, 2022 / 12:36 IST
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Welspun India: The company reported a 62 percent year-on-year fall in consolidated profit at Rs 51.25 crore in quarter ended March 2022, impacted by lower operating income, lower other income, and tepid topline growth. Revenue grew by 4.3 percent to Rs 2,227 crore and EBITDA increased by 29.3 percent to Rs 226.5 crore during the same period.
Welspun India: The company reported a 62 percent year-on-year fall in consolidated profit at Rs 51.25 crore in quarter ended March 2022, impacted by lower operating income, lower other income, and tepid topline growth. Revenue grew by 4.3 percent to Rs 2,227 crore and EBITDA increased by 29.3 percent to Rs 226.5 crore during the same period.

Welspun Corp Ltd (WCL) has partnered with Tata Steel to develop the "framework for and subsequently manufacturing" pipes for transportation of pure hydrogen and natural gas-blended hydrogen.

While Welspun Corp Ltd, the flagship company of Welspun Group, is a leading welded line pipe manufacturer, Tata Steel is among the top three steel making companies in India.

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"Welspun Corp Ltd and Tata Steel Ltd have signed an MoU to jointly work towards developing the framework for and subsequently manufacturing green pipes for the transportation of pure hydrogen and hydrogen blended with natural gas," WCL said in a statement.

The green energy strategic partnership with Tata Steel is to assess the suitability of a variety of pipes manufactured by WCL for the transportation of the fuel of the future, which will aid in mitigating climate change-led issues and build a secure future for posterity, it said.