• Perma-Pipe subsidiary Perma-Pipe Qatar agreed to acquire a 51% stake in Welspun Special Coating for an Indian coating joint venture.
• Welspun Corp will acquire the remaining 49%; both stakes will be purchased from its wholly owned subsidiary Welspun DI Pipes.
• The venture will add internal fusion-bonded epoxy coating services, creating a platform to pursue domestic and export opportunities in India.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perma-Pipe International Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202611031219BIZWIRE_USPR_____20261103_BW829606) on November 03, 2026, and is solely responsible for the information contained therein.