Welspun Corp Associate EPIC Secures Contract Worth ₹1,165 Crore from Saudi Water Authority

East Pipes Integrated Company for Industry (EPIC), an associate of Welspun Corp Limited, has announced a significant contract with the Saudi Water Authority.  

This agreement involves the manufacturing and supply of steel pipes valued at over 485 million SAR, equivalent to approximately ₹1,165 crore, including value-added tax. 

Details of the Contract 

On December 8, 2025, EPIC, a prominent player in the Kingdom of Saudi Arabia (KSA), revealed its new contract with the Saudi Water Authority. The contract, valued at more than 485 million SAR, is set to last for 6 months. The financial impact will be reflected in the Q4FY2025-26 and Q1FY26-27 financial results. 

EPIC is recognised as a leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia. The company is known for its fully integrated manufacturing facilities and a strong track record of executing large orders with precision and quality. 

EPIC's Role in Saudi Arabia's Vision 2030 

EPIC's commitment to quality and timely delivery has positioned it as a preferred supplier in the KSA market. The company plays a crucial role in supporting Saudi Arabia's strategic objectives under Vision 2030, which aims to diversify the economy and reduce its dependence on oil. 

Read More: Cochin Shipyard Share Price in Focus; Secures Significant Order from Svitzer! 

Welspun Corp Share Price Performance  

As of December 08, 2025, at 3:30 PM, Welspun Corp share price on NSE was closed at ₹797.80 down by 3.48% from the previous closing price. 

Conclusion 

East Pipes Integrated Company's recent contract with the Saudi Water Authority marks a significant development in its business operations. The deal, valued at over 485 million SAR, underscores EPIC's role in the region's industrial landscape and its alignment with Saudi Arabia's Vision 2030. 

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