With the new order, the cumulative value of line pipe orders received by Welspun Corp in India and the US has reached INR 1,202 crore since its last disclosure on May 30.
Aug 5, 2024
Homegrown Welspun Corp Limited has received an order from the Middle East to supply LSAW pipes and bends (bare and coated).
With the new order, the company’s cumulative value of the line pipe orders received in India and the US has reached INR 1,202 crore since its last disclosure on May 30, Welspun said in an exchange filing.
The orders will be executed during FY25 and FY26, it added.
Welspun had announced in June, 2024 that its Saudi Arabian associate firm signed contracts with Saudi Arabian Oil Company (Aramco) worth INR 3,670 crore for the manufacturing and supply of steel pipes.
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The contracts were signed between East Pipes Integrated Company for Industry (EPIC) and Aramco. The duration of the contracts is 19 months.
As per Welspun Corp, EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes.
