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Welspun Corp's associate EPIC bags Rs 1,165 crore steel pipe order from Saudi Water Authority.
Summary
East Pipes Integrated Company (EPIC), an associate of Welspun Corp (WCL), has received a Rs 1,165 crore steel pipe order from the Saudi Water Authority. This order will positively impact WCL's financials in the fourth quarter of FY2025-26 and the first quarter of FY2026-27.
Key Points
- Welspun Corp's associate, East Pipes Integrated Company (EPIC), secured a steel pipe order.
- The order is from the Saudi Water Authority.
- The order value is approximately Rs 1,165 crore.
- The financial impact on Welspun Corp (WCL) will be in Q4 FY2025-26 and Q1 FY2026-27.
- The order is worth 485 million SAR.
Full Article
Welspun Corp's associate, East Pipes Integrated Company (EPIC), secured a significant 485 million SAR steel pipe order from the Saudi Water Authority. This deal, valued at approximately Rs 1,165 crore, will impact WCL's financials in Q4 FY2025-26 and Q1 FY2026-27.
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