 "Odisha, Welspun in talks for setting up pipe plant in state")
"The leading pipe manufacturer Welspun is expected to submit a proposal to Industrial Promotion and Industrial Corporation of Odisha Ltd (Ipicol) for setting up manufacturing of pipes in the state in 15 days. We are in talks with them", said an official.
The company is expected to set up the pipe manufacturing unit at Dhamra in Bhadrak district where they own land, the official added.
Welspun Corp is a one-stop service provider offering complete pipe solution with a capability to manufacture line pipes ranging from ? inch to 140 inches, along with specialized coating, double jointing and bending.
With current capacity of 2.425 million tonne per annum in Dahej, Anjar and Mandya in India, Little Rock in the US and Dammam in Saudi Arabia, Welspun is a preferred supplier to most of the Fortune 100 oil and gas companies.
It has supplied pipes for the world's deepest pipeline project (Independence Trail, Gulf of Mexico), highest pipeline project (Peru LNG), longest pipeline (Canada to US) and the heaviest pipeline project (Persian Gulf). It is currently executing a project to manufacture the world's largest diameter pipe size (48"OD X 0.527"WT).
Officials said that talks with the company is step to a target to attract Rs 173,000 crore investment by 2019-20 in different sectors and create more than 300,000 jobs. It may be noted that Odisha emerged as the favoured destination for investors has attracted investment commitments worth Rs 70,959 crore in 'Make In India' week held in February this year. Apart from the flagship mines and minerals sector, the state government pulled investors in areas like food processing, IT & electronics manufacturing, textiles, renewable energy and gems & jewellery.