Welspun Corp Limited — Important, 25-12-2024: Updates

Welspun Corp's associate company, East Pipes Integrated Company for Industry (EPIC), has secured contracts exceeding SAR 57 million (approximately Rs 130 crore) with Saudi Real Estate Infrastructure Company (Binyah) and AI Rashid Trading and Contracting Company. These contracts, focused on the manufacturing and supply of steel pipes and coating, are set for a seven-month duration. The financial benefits of these contracts will start reflecting in the first and second quarters of the 2025-2026 financial year. EPIC's strong position as a top manufacturer in Saudi Arabia, known for timely execution and quality, aligns with the country's Vision 2030 strategic goals, indicating a positive outlook for both the company and its partners.