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Welspun Corp’s associate company signs contract with SWCC for water transmission project

02 Jun 2022 Evaluate

Welspun Corp’s associate company -- East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA) has signed new key contract with the Saline Water Conversion Corporation (SWCC) valued at Saudi Arabian Riyal 490 million, to supply and deliver steel pipes for a water transmission project. This follows the award of an Saudi Arabian Riyal 497 million contract in March 2022, for a project of a similar nature, also by SWCC. The project will span a period of 12 months with the financial impact reflecting in East Pipes’ financial statements in 2022-2023.

Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.

Peers
Company Name CMP
JSW Steel 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
Jindal Saw 275.95
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