Perma-Pipe agrees to 51% stake in India coating joint venture with Welspun

PPIH•2026-11-10

Perma-Pipe agreed through its Qatar subsidiary to acquire a 51% stake in Welspun Special Coating, forming an Indian joint venture; Welspun Corp will acquire the remaining 49% from Welspun DI Pipes.

1. Joint venture formed

Perma-Pipe agreed through its Qatar subsidiary to acquire a 51% stake in Welspun Special Coating, while Welspun Corp will acquire the remaining 49% from its wholly owned subsidiary, Welspun DI Pipes. The venture will add internal fusion-bonded epoxy coating services and target domestic and export opportunities in India.

Sources

Perma-Pipe agrees to 51% stake in India coating joint venture with Welspun

Sec

Perma-Pipe agrees to 51% stake in India coating joint venture with Welspun

1. Joint venture formed

Related News

Univest Securities announces closing of $1.2 million registered direct offering for client Jiade Limited

Ashford Hospitality Trust CFO Justin Coe resigns; Randy Jones appointed

Coty holds annual shareholder meeting

Sources

Perma-Pipe agrees to 51% stake in India coating joint venture with Welspun

Chesapeake Utilities enters $250 million note purchase agreement on Nov. 10, 2026

Ashford Inc. waives six months of advisory fees for Ashford Trust, saving about $17 million