East Pipes Integrated Company for Industry signs contract worth SAR 60 Million

Welspun Corp Limited's associate company East Pipes Integrated Company for Industry (EPIC), Saudi Arabia's leading manufacturer of HSAW Pipes announced contract sign off with Maramer Contracting Company with value exceeding SAR 60 million (Approx. Rs 133 crore) for 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.

EPIC is Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes. Its fully integrated manufacturing facilities, impeccable track record of execution of mega orders, Quality and customer focused approach enables it to remain well-placed to secure further projects both in the Water and Oil & Gas sector and continue pioneering in supporting KSA's strategic objectives under the Vision 2030.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 582.55 as compared to the previous close of Rs. 600.65. The total number of shares traded during the day was 59882 in over 2208 trades.

The stock hit an intraday high of Rs. 605.60 and intraday low of 573.00. The net turnover during the day was Rs. 34891828.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 EastPipesIntegratedCompany OrderWin