Welspun Corp Limited has announced a large order win by its associate company in Saudi Arabia. East Pipes Integrated Company for Industry (EPIC), which is listed on the Saudi Stock Exchange, has signed a contract with Saudi Arabian Oil Co. (Aramco) for manufacturing and supply of steel pipes worth more than 771 million SAR, which is approximately Rs 2000 crore including value added tax.
Key Details of the Aramco Contract
Contract Value of 771 Million SAR
The total value of the contract exceeds 771 million Saudi Riyals including VAT. This is equivalent to around Rs 2000 crore in Indian currency. The contract is for manufacturing and supply of steel pipes to Aramco.
Six Months Contract Duration
The duration of the contract is six months. The financial impact of this order will be visible from Q4 FY2026-27 through Q1 FY2027-28. This was announced to the Saudi Stock Exchange on September 20, 2026.
About EPIC - East Pipes Integrated Company
Leading Pipe Manufacturer in Saudi Arabia
EPIC is Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded pipes, known as HSAW pipes. The company has fully integrated manufacturing facilities and a strong track record of executing mega orders on time with quality.
Preferred Supplier Under Vision 2030
With its customer-centric approach and execution capabilities, EPIC is positioned as a most preferred supplier in the KSA market. The company continues to support Saudi Arabia's strategic objectives under the Vision 2030 plan. EPIC is an associate company of Welspun Corp Limited.
Why This Order Is Important
- Large Order Book Boost: Rs 2000 crore order significantly adds to the overall order book of the Welspun group.
- Aramco Relationship: Order from Saudi Aramco, the world's largest oil company, shows strong trust in EPIC's manufacturing quality.
- Saudi Market Presence: Strengthens Welspun Corp's indirect presence in the high-growth Middle East oil and gas infrastructure market.
- Near Term Revenue: Financial impact will start reflecting from Q4 FY27 to Q1 FY28, providing near-term visibility.
Disclosure to Stock Exchanges
The intimation was filed to BSE Ltd. and National Stock Exchange of India Ltd. on September 20, 2026 by Company Secretary Kamal Rathi. The filing was made under general announcement for large order win by associate company.