Deals26 Mar 2024, 04:26 am
Welspun Corp's Associate Company Secures Contract Worth Rs 512 Crore with Saline Water Conversion Corporation
AI Summary
Welspun Corp's Saudi Arabian associate company, East Pipes Integrated Company for Industry (EPIC), has signed a contract worth over Rs 512 crore (SAR 230 million) with Saline Water Conversion Corporation (SWCC) for manufacturing and supply of steel pipes. The contract duration is 30 months.
Key Highlights
- EPIC secures contract worth Rs 512 crore with Saline Water Conversion Corporation (SWCC)
- The contract value exceeds SAR 230 million and the financial impact will be reflected from Q1 of FY2024/25 to Q34 of FY2026/27
- EPIC is Saudi Arabia's leading manufacturer of HSAW pipes
- The fully integrated manufacturing facilities, track record, and customer-focused approach enables further projects in Water and Oil & Gas sectors