Published On:May 7 2024
Story Viewed 851 Times

East Pipes Integrated Signs SAR 60 Million Contract

Welspun Corp Limited's associate company, East Pipes Integrated Company for Industry (EPIC), Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes, has signed a contract with Maramer Contracting Company valued at over SAR 60 million (approximately Rs 133 crore). The contract entails the manufacturing, coating, and supply of steel pipes, with a duration of six months.

The financial impact of this contract will be reflected in the second and third quarters of the fiscal year 2024/2025. This significant agreement underscores EPIC's position as a major player in Saudi Arabia's steel pipe manufacturing sector.

EPIC has established itself as a premier manufacturer of HSAW pipes, with fully integrated production facilities and a proven track record of successfully executing large-scale projects. The company's focus on quality and customer satisfaction has allowed it to secure major contracts in both the water and oil & gas sectors. This new contract is in line with Saudi Arabia's Vision 2030, supporting the Kingdom's strategic objectives for industrial growth and development.

As EPIC continues to expand its reach and secure significant projects, the company remains poised to play a pivotal role in advancing Saudi Arabia's infrastructure and industrial capabilities.

EQUITYBULLS





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