# Perma-Pipe acquires 51% stake in Welspun Special Coating joint venture in India

Perma-Pipe International Holdings, through its subsidiary Perma-Pipe Qatar, agreed to acquire a 51% equity interest in Welspun Special Coating Private Limited, a newly formed company that will provide internal fusion-bonded epoxy coating and related services in India. Welspun Corp Limited will hold the remaining 49%.

- Type: Acquisition
- Announced: 2026-11-03
- Where: India
- Status: announced
- Products: internal fusion-bonded epoxy coating, corrosion protection services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Perma-Pipe International Holdings](https://endata.com/companies/7487.md)
- [Welspun Corp](https://endata.com/companies/5773.md) (partner)
- [Welspun Special Coating Private Limited](https://endata.com/companies/15381.md) (target)

## Sources

- [investors.permapipe.com](https://investors.permapipe.com/news/news-details/2026/Perma-Pipe-Expands-Coating-Capabilities-in-India-Through-Majority-Owned-Joint-Venture-with-Welspun/default.aspx), 2026-11-03: "This joint venture represents another important step in expanding Perma-Pipe's global coating capabilities and strengthening our presence in strategically important markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.