Shares of Welspun Corp Ltd were trading 1% higher on Thursday, 26 December, after the company’s unit announced securing an order worth Rs 130 crore. 

In its quarterly earnings, the company said, “We are pleased to inform you that our associate company East Pipes Integrated Company for Industry (EPIC), Saudi Arabia’s leading manufacturer of HSAW Pipes announced multi contracts sign off with Saudi Real Estate Infrastructure Company (Binyah) and AI Rashid Trading and Contracting Company with value exceeding SAR 57 million (Approx. Rs 130 crore) for manufacturing, supply of steel pipes and coating.”

The company added that it had to complete this contract in seven months. 

The company stated that the financial impact of the contract would be reflected in the first and second quarters of the 2025-2026 fiscal year.

EPIC, Saudi Arabia’s top producer of Helical Submerged Arc Welded (HSAW) pipes, operates fully integrated manufacturing facilities known for the timely and high-quality execution of large-scale orders. With a customer-focused approach, EPIC has established itself as a preferred supplier in the Kingdom of Saudi Arabia (KSA) and remains a key contributor to advancing the nation’s strategic goals under Vision 2030.

Welspun Corp Limited, previously known as Welspun Gujarat Stahl Rohren, is a leading multinational corporation based in Mumbai. The company focuses on manufacturing large-diameter pipes and has a widespread global footprint, operating across six continents.

Welspun Corp manages multiple manufacturing facilities, including locations in Anjar and Jhagadia (Gujarat), Bhopal (Madhya Pradesh), Mandya (Karnataka), and Little Rock, Arkansas, in the United States.

At 2:12 pm, the shares of Welspun Corp were trading 0.82% higher at Rs 798.70 on NSE.

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