Core Announcement – Order Details
Awarding Entity: Saudi Arabian Oil Co. (Aramco)
Domestic/International Order: International Order (Kingdom of Saudi Arabia)
Nature of Order/Contract: Manufacturing and supply of steel pipes (Helical Submerged Arc Welded pipes)
Order Value: 771 million SAR (Approximately INR 2,000 Crore) including value added tax
Materiality Context: Not Specified
Execution Timeline: Six months duration
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: Yes - The order was won by East Pipes Integrated Company for Industry (EPIC), which is described as an "associate Company" of Welspun Corp Limited. Nature of relationship: Associate company. Governance safeguards: Not specified.
Promoter Group Involvement: Not Specified
Financial Implication: The financial impact of the contract will be reflected from Q4 FY2026-27 through Q1 FY27-28. Other implications (order book contribution, capacity utilization, capex requirements) not specified.
Additional Company Information
EPIC is described as Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes with fully integrated manufacturing facilities. The company has an impeccable track record of execution of mega orders in time and quality with customer centric approach. EPIC is positioned as a most preferred supplier in the KSA market and supports KSA's strategic objectives under Vision 2030. EPIC is a listed entity on the Saudi Stock Exchange.