Deals6 May 2024, 08:23 pm
Welspun Corp's Associate Company, EPIC, Secures Over Rs 133 Crore Contract in Saudi Arabia
AI Summary
Welspun Corp Limited announced that its associate company, East Pipes Integrated Company for Industry (EPIC), based in Saudi Arabia, has signed a contract worth more than SAR 60 million (Approx. Rs 133 crore) with Maramer Contracting Company. The contract includes the manufacturing, coating, and supply of steel pipes and is expected to last six months. The financial impact of this contract will be reflected in Q2 and Q3 of the financial year 2024/2025.
Key Highlights
- Welspun Corp's associate company, EPIC, secured a contract worth over Rs 133 crore
- The contract is with Maramer Contracting Company in Saudi Arabia
- The contract includes manufacturing, coating, and supply of steel pipes
- The duration of the contract is six months
- The financial impact of the contract will be reflected in Q2 and Q3 of the financial year 2024/2025