Welspun Corp’s affiliate arm EPIC luggage Rs 3,000 crore orders in Saudi Arabia
Homegrown Welspun Corp on Thursday mentioned its affiliate firm East Pipes Built-in Firm for Trade (EPIC) has acquired orders price round Rs 3,000 crore in Saudi Arabia.
“Affiliate firm East Pipes Built-in Firm for Trade within the Kingdom of Saudi Arabia (KSA) has acquired cumulative orders exceeding (Saudi Riyal) SAR 1.32 billion (Rs 3,000 crore),” Welspun Corp mentioned in an announcement.
The brand new orders embrace provide of metal pipes to Saline Water Conversion Company (SWCC) with worth exceeding SAR 1 billion (Rs 2,200 crore) inclusive of worth added tax for manufacturing and provide of metal pipes.
One other order for manufacturing and provide of metal pipes to Saudi Arabian Oil Co. (Aramco) is price over SAR 153 million (Rs 339 crore) inclusive worth of added tax.
The order for double jointing and coating of metal pipes to Aramco has a worth exceeding SAR 170 million (Rs 377 crore) inclusive of worth added tax.
EPIC is Saudi Arabia’s main producer of Helical Submerged Arc Welded (HSAW) pipes.
Welspun Corp Ltd (WCL) — the flagship firm of Welspun Group — is among the largest producers of huge diameter pipes globally and has established a worldwide footprint throughout six continents and 50 international locations.
