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Welspun Corp associate bags Rs 6.89-bn Saudi pipes order
Welspun Corp said its associate company, East Pipes Integrated Company for Industry, has received an order of 324 million Saudi Riyal (Rs 6.89 billion) from the Saline Water Conversion Corporation (SWCC) in Saudi Arabia. The order is for the manufacture and supply of steel pipes and will be executed in the ongoing financial year. The amount includes value added tax.
This is in addition to recent work orders awarded by SWCC of SAR 497 million (Rs 10.56 billion) in March 2022 and SAR 490 million (Rs 10.41 billion) in May 2022.
According to a Welspun statement, EPIC is Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes. Welspun Corp, the flagship company of Welspun Group, is a leading welded line pipe manufacturer.
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