Welspun said on Thursday that its subsidiary East Pipes Integrated Company for Industry has received a 324 million riyal (roughly Rs. 689 crore) order from the Saudi Arabian Brine Conversion Company.
The order for the manufacture and supply of steel pipes will be completed during the current financial year, the company said.
“EPIC, an associate company in the Kingdom of Saudi Arabia, has been awarded a contract for the production and supply of steel pipes from SWCC. The contract for the amount of SAR (Saudi Riyals) 324 million SAR (approximately), including VAT, will also be executed during the current financial year,” – it says.
This is in addition to work orders worth SAR 497 million (approximately Rs 1,056 crore) awarded by SWCC in March 2022 and SAR 490 million (approximately Rs 1,041 crore) awarded in May 2022.
According to the statement, EPIC is the leading manufacturer of submerged arc welding (HSAW) pipes in Saudi Arabia.
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