Deals8 Dec 2025, 03:56 pm
Welspun Corp's Associate Company, East Pipes, Wins Contract Worth INR 1,165 Crore from Saudi Water Authority
AI Summary
Welspun Corp Ltd's associate company, East Pipes Integrated Company for Industry (EPIC), a listed entity in the Kingdom of Saudi Arabia (KSA), has announced a contract sign off with the Saudi Water Authority. The contract is for the manufacturing and supply of steel pipes with a total value exceeding 485 million SAR (Approx. INR 1,165 Crore) including value added tax. The duration of the contract is six months, and the financial impact will be reflected in Q4FY2025-26 and Q1FY26-27. EPIC is a leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia, known for its customer-centric approach and timely execution of mega orders. This contract supports KSA’s strategic objectives under the Vision 2030.
Key Highlights
- Welspun Corp's associate company, East Pipes, wins a contract worth INR 1,165 Crore from the Saudi Water Authority
- The contract is for the manufacturing and supply of steel pipes
- The contract value is 485 million SAR, including value added tax
- The contract duration is six months
- The financial impact will be reflected in Q4FY2025-26 and Q1FY26-27