
Business Update20 Sept 2026, 10:00 pm
Welspun Associate Wins ₹2,000 Cr Aramco Pipe Contract
AI Summary
Welspun Corp's associate company, East Pipes Integrated Company (EPIC) in Saudi Arabia, has secured a significant contract with Saudi Aramco. The contract is for the manufacturing and supply of steel pipes, valued at over 771 million SAR (approximately INR 2,000 Crore), including VAT. The contract duration is six months, with financial impact expected from Q4 FY2026-27 through Q1 FY2027-28. EPIC is a leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia, known for its execution of mega orders and support for Saudi Vision 2030.
Key Highlights
- Associate EPIC secures over 771 million SAR (approx. ₹2,000 Cr) contract with Saudi Aramco.
- Contract duration is six months, impacting financials from Q4 FY27 to Q1 FY28.
- EPIC is a leading HSAW pipe manufacturer in Saudi Arabia.
- Order win supports Saudi Arabia's Vision 2030 objectives.
Price Impact
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