Welspun Corp announced that its associate, East Pipes Integrated Company for Industry (EPIC) in Saudi Arabia, has secured a contract with the Saudi Water Authority for manufacturing and supplying steel pipes. The total value of the contract exceeds 485 million SAR (approximately INR 1,165 Crore). The contract duration is six months, with its financial impact reflected in Q4FY2025-26 and Q1FY2026-27.
Significant Order Win in Saudi Arabia
Welspun Corp is pleased to announce a major order win for its associate company, East Pipes Integrated Company for Industry (EPIC), a listed entity in the Kingdom of Saudi Arabia (KSA). The contract, signed with the Saudi Water Authority, involves the manufacturing and supply of steel pipes.
Contract Details
The total value of the contract exceeds 485 million SAR, which is approximately INR 1,165 Crore. This substantial order underscores EPIC’s strong market position in the region.
Project Timeline and Impact
The duration of the contract is six months. The financial impact of this contract will be reflected in Welspun Corp’s financials across Q4FY2025-26 and Q1FY2026-27.
EPIC’s Market Position
EPIC is recognized as a leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia. With its integrated manufacturing facilities, EPIC is well-positioned to execute large orders efficiently and maintain its strategic objectives under the Vision 2030 initiative.
Source: BSE