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Welspun Corp on
Thursday said its associate company, East Pipes Integrated Company for
Industry, has received an order of 324 million Saudi Riyal (around Rs 689
crore) from Saline Water Conversion Corporation in Saudi
Arabia.
The order
is for the manufacture and supply of steel pipes and will be executed in the
ongoing financial year, the company said in a statement.
"Associate
company EPIC in the Kingdom of Saudi
Arabia has been awarded a contract by SWCC for the manufacture
and supply of steel pipes. The contract is valued at SAR (Saudi Riyal) 324
million (approximately) including value added tax and the same will be executed
in this financial year," it said.
This is
in addition to the recent work orders awarded by SWCC of SAR 497 million
(around Rs 1,056 crore) in March 2022 and SAR 490 million (around Rs 1,041
crore) in May 2022.
According
to the statement, EPIC is Saudi Arabia's leading manufacturer of Helical
Submerged Arc Welded (HSAW) pipes.
Welspun
Corp, the flagship company of Welspun Group, is a leading welded line pipe
manufacturer.
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