MoneyWorks4Me

Welspun Corp informs about disclosure

03 Jun 2024 Evaluate

Welspun Corp has informed that its associate company East Pipes Integrated Company for Industry (EPIC), Saudi Arabia’s leading manufacturer of HSAW Pipes today announced Multi Contracts sign off with Saudi Arabian Oil Co. (Aramco) with value exceeding SAR 1.65 billion (Approx. ~INR 3,670 crores) inclusive of value added tax for manufacturing and supply of steel pipes. The duration of the contracts is 19 months. The financial impact of the contracts will be reflected from 4th Quarter of financial year 2024/2025 to 4th Quarter of financial year 2025/ 2026.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
JSW Steel 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
APL Apollo Tubes 2200.00
View more..