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Welspun Corp’s associate company inks contract worth Rs 133 crore

06 May 2024 Evaluate

Welspun Corp’s associate company -- East Pipes Integrated Company for Industry (EPIC) has inked contract with Maramer Contracting Company with value exceeding SAR 60 million (around Rs 133 crore) for manufacturing, coating and supply of steel pipes. The duration of the contract is six months.

EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes. Its fully integrated manufacturing facilities, impeccable track record of execution of mega orders, Quality and customer focused approach enables it to remain well-placed to secure further projects both in the Water and Oil & Gas sector and continue pioneering in supporting KSA’s strategic objectives under the Vision 2030.

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 1345.00
Tata Steel 184.90
Steel Authority 169.80
Jindal Stainless 691.05
APL Apollo Tubes 2180.10
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