Welspun Corp Limited’s associate company, East Pipes Integrated Company for Industry (EPIC), has successfully secured a substantial order valued at SAR 57 million, approximately Rs 130 crore, for the manufacturing and supply of steel pipes and coating. This order was awarded by Saudi Arabia’s prominent players in the construction and infrastructure sector, Saudi Real Estate Infrastructure Company (Binyah) and AI Rashid Trading and Contracting Company.
The contract, which is expected to last for seven months, will see EPIC deliver the required steel pipes and coatings within this period. The financial impact of this order is anticipated to be reflected in Welspun Corp’s Q1 and Q2 financial results for the fiscal year 2025-2026, as disclosed in a regulatory filing by the company. EPIC, known for its manufacturing of Helical Submerged Arc Welded (HSAW) pipes, has established itself as a key player in Saudi Arabia’s steel market. Its fully integrated manufacturing facilities have contributed to its strong positioning as a preferred supplier in the region, providing an edge in meeting the growing demand for infrastructure projects.
This new contract follows a previous significant achievement for EPIC, which bagged an order valued at approximately Rs 512 crore from Saudi Arabia. That contract, signed with the Saline Water Conversion Corporation (SWCC), focused on the manufacturing and supply of steel pipes. EPIC’s continued success in securing major orders showcases its competitive advantage and growing influence in the steel pipe industry in the Kingdom of Saudi Arabia. Welspun Corp’s strategic investments in EPIC are continuing to bear fruit, strengthening its presence in the Middle Eastern market while expanding its order book and revenue streams. As the demand for steel pipes and coatings in the infrastructure sector remains robust, the company is well-positioned for continued success in the region.
