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Welspun Corp Arm Wins Nearly Rs 2,000 Crore Saudi Order
Welspun Corp’s associate company in Saudi Arabia has won a large order from Saudi Aramco.
The company will make and supply steel pipes.
The order is worth 771 million Saudi Riyal, which is nearly Rs 2,000 crore.
It is expected to be completed in six months.
The money from the order should start showing in company results between the fourth quarter of FY27 and the first quarter of FY28.
Welspun recently won another very large pipe order for its US factory.
Together, these orders have helped raise its order book to a record Rs 42,100 crore.
The new contract is being watched by investors because it supports Welspun’s international growth plans.
East Pipes Integrated Company for Industry has secured a Saudi Aramco contract to manufacture and supply steel pipes.
The contract is valued at 771 million Saudi Riyal, or nearly Rs 2,000 crore.
The order is scheduled for execution over six months, with financial impact expected from Q4 FY27 to Q1 FY28.
Welspun Corp’s consolidated order book had reached a record Rs 42,100 crore after a separate $1.8 billion US order.
Welspun Corp is targeting Rs 20,000 crore in FY27 revenue and Rs 2,850 crore in EBITDA.
- Who
- East Pipes Integrated Company for Industry, a Saudi-listed associate of Welspun Corp, and Saudi Aramco.
- What
- A contract to manufacture and supply steel pipes worth 771 million Saudi Riyal.
- Where
- Saudi Arabia; the contract was disclosed to Saudi stock exchanges and an Indian exchange.
- When
- The contract has a six-month execution period, with financial impact expected from Q4 FY27 through Q1 FY28.
- Why
- To supply steel pipes for Saudi Aramco, supporting Welspun Corp’s international order pipeline.
Key facts
- Contract value
- 771 million Saudi Riyal, nearly Rs 2,000 crore
- Contract customer
- Saudi Aramco
- Executing company
- East Pipes Integrated Company for Industry
- Execution period
- Six months
- Expected financial impact
- Q4 FY27 through Q1 FY28
- Welspun consolidated order book
- Rs 42,100 crore, or around $4.4 billion
- FY27 targets
- Rs 20,000 crore revenue and Rs 2,850 crore EBITDA
Sources
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