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Welspun Corp’s associate company signs contracts for supply of Steel Pipes for Water Transmission

25 Jan 2023 Evaluate

Welspun Corp’s associate company -- East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA), has signed two contracts for the supply of Steel Pipes for Water Transmission with a total value of around SAR 569 million inclusive of value added tax.

EPIC has signed first multiple contracts with NEOM with total value of around SAR 373 million inclusive of value added tax. The pipes have to be supplied within 12 months and the financial impact of this will be starting in Quarter 1 of FY 2023 -24. EPIC has signed another contract with PETROJET Company with total value of around SAR 196 million inclusive value added tax. The financial impact of this will be in Quarter 1 & 2 of FY 2023-24.

EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes. Its fully integrated manufacturing facilities, track record of effective execution, and technological knowhow, enable it to remain well-placed to secure further projects both in the Water and Oil & Gas sector.

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

Welspun Corp Share Price

1077.35 0.20 (0.02%)
17-Apr-2026 16:59 View Price Chart
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