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Welspun Corp’s associate firm, EPIC, signs SAR 1.8 Bn contract with Saudi Aramco

May 22, 2023: Welspun Corp Ltd, has today announced that its associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA), has signed a contract for the supply of large diameter steel pipes with Saudi Aramco for a total value exceeding SAR 1.8 Billion (approx. INR 4,000 crores) inclusive of value added tax. A press release issued by the company says that, the financial impact of the contract will be reflected in Quarters 3 and 4 of current financial year FY24, as well as Quarter 1 of the financial year FY25. 

This is one of the single largest orders for EPIC from Saudi Aramco and represents the major share of the first package of the Master Gas – Phase 3 project.