Within the order, Welspun Corp’s associate firm East Pipes Integrated Company for Industry will manufacture and supply steel pipes to SWCC. The recent order follows the slew of other projects awarded by the SWCC of SAR497 million in March and SAR490 million in May this year.
Welspun Corp Ltd has informed that its associate company, East Pipes Integrated Company for Industry, has won a project worth 324 million Saudi Riyal (~INR 689 crore) from the Saline Water Conversion Corporation (SWCC) in Saudi Arabia.
The order is about manufacturing and supplying the steel pipes – as published in news reports. The said project is slated to be executed during the ongoing financial year, as per the company’s statement.
“Associate company EPIC, based in the Kingdom of Saudi Arabia, has been awarded a contract by the SWCC for the manufacturing and supplying of steel pipes. The contract is valued at approximately SAR (Saudi Riyal) 324 million including value added tax and the same is going to be executed in this financial year,” according to the company.
This comes in addition to the recent slew of orders awarded by the SWCC of SAR 497 million (~INR 1,056 crore) in March 2022 and SAR 490 million (~INR 1,041 crore) in May this year.
EPIC is the leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia. Welspun Corporation, the flagship company of Welspun Group, is among the largest welded line pipe manufacturing companies.