Welspun Corp revealed today that its associate company, East Pipes Integrated Company for Industry (EPIC), Saudi Arabia’s prominent manufacturer of HSAW Pipes, has secured Multi Contracts with Saudi Arabian Oil Co. (Aramco).
The contracts, valued at over SAR 1.65 Billion (Approx. ~Rs 3,670 crore) inclusive of value-added tax, are for the manufacturing and supply of steel pipes. The duration of these contracts spans 19 months.
As of 10:50 am the shares were trading 0.75% higher at ₹553.10 on NSE.
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Welspun Corp