Saudi Water Authority has awarded East Pipes Integrated Company for Industry (EPIC), Welspun Corp’s Saudi associate, a steel pipe supply contract worth over 485 million SAR (about ₹1,165 crore). The six‑month contract will reflect in Q4 FY25‑26 and Q1 FY26‑27, reinforcing EPIC’s position as a key supplier in Saudi Arabia’s Vision 2030 infrastructure build‑out.
Welspun Corp Limited has informed the Indian exchanges that its associate, East Pipes Integrated Company for Industry (EPIC), a listed entity in Saudi Arabia, has signed a contract with the Saudi Water Authority for manufacturing and supplying steel pipes worth more than 485 million SAR, inclusive of value‑added tax.
The contract tenure is six months, with revenue recognition expected across Q4 FY2025‑26 and Q1 FY2026‑27, providing medium‑term visibility for EPIC’s order book and indirectly benefiting Welspun Corp’s consolidated performance through associate earnings. EPIC is a leading producer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia, supported by fully integrated manufacturing facilities and a strong execution track record that aligns with the Kingdom’s Vision 2030 infrastructure and water‑sector ambitions.
Key highlights
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Order value: Over 485 million SAR (approx. ₹1,165 crore), including VAT.
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Customer: Saudi Water Authority, for manufacturing and supply of steel pipes.
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Tenure: Six months, with impact in Q4 FY25‑26 and Q1 FY26‑27.
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Supplier: East Pipes Integrated Company for Industry (EPIC), Welspun Corp’s associate in KSA.
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Strategic context: Supports KSA’s Vision 2030 infrastructure goals; strengthens EPIC’s position as a preferred HSAW pipe supplier in the region.
Sources: Stock exchange filing by Welspun Corp Limited (BSE, NSE).