Advertisment

Welspun Corp associate company signs Rs 3,670 crore contracts with Aramco for steel pipe supply

author-image
NewsDrum Desk
Updated On
New Update
Welspun Corp

Representative image

New Delhi: Homegrown Welspun Corp Ltd on Monday said its associate entity EPIC has signed multiple agreements worth SAR 1.65 billion (about Rs 3,670 crore) with Saudi Arabian Oil Co. (Aramco) for the supply of steel pipes.

Advertisment

The duration of the contracts is 19 months, and the financial impact of the contracts will be reflected from the fourth quarter of the financial year 2024-25 to the last quarter of the financial year 2025-26, Welspun Corp said in an exchange filing.

"Our associate company East Pipes Integrated Company for Industry (EPIC) today announced multi contracts sign off with Saudi Arabian Oil Co. (Aramco) with value exceeding (Saudi Riyal) SAR 1.65 billion (approximately Rs 3,670 crore) inclusive of value added tax for manufacturing and supply of steel pipes," it said.

EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes, Welspun Corp said.

Advertisment
Advertisment
Subscribe