Welspun Corp Ltd's associate company signs contract worth Rs. 1165 crore approx

Welspun Corp Limited's associate Company East Pipes Integrated Company for Industry (EPIC), a listed entity in the Kingdom of Saudi Arabia (KSA), has today announced to the Saudi Stock Exchange, a contract sign off with Saudi Water Authority for manufacturing and supply of steel pipes for 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 of the contract will be reflected in Q4FY2025-26 and Q1FY26-27.

EPIC is Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes. It's fully integrated manufacturing facilities with impeccable track record of execution of mega orders in time & Quality with customer centric approach, positions them as a most preferred supplier in the KSA market and continue to pioneer in supporting KSA's strategic objectives under the Vision 2030.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 797.70 as compared to the previous close of Rs. 827.40. The total number of shares traded during the day was 40871 in over 1911 trades.

The stock hit an intraday high of Rs. 826.50 and intraday low of 793.00. The net turnover during the day was Rs. 32968681.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 EPIC SaudiArabia OrderWin