Welspun Corp's EPIC Wins INR 1165 Crore Steel Pipe Order in Saudi Arabia

• Welspun Corp's Saudi-listed subsidiary, East Pipes Integrated Company for Industry (EPIC), secured a ₹1,165 crore contract from the Saudi Water Authority for steel pipe manufacturing and supply.
• The 6-month contract, valued at over 485 million Saudi Riyals (including VAT), is expected to impact financials in Q4 FY2025-26 and Q1 FY2026-27.
• Welspun Corp reported a 53.2% YoY rise in consolidated net profit to ₹439 crore in Q2, with revenue up 32.5% to ₹4,373 crore.
• Welspun Corp specializes in manufacturing and supplying steel pipes (HSAW, LSAW, ERW) for oil & gas, water supply, and infrastructure, with facilities in India, US, and Saudi Arabia.

Why It Matters: Welspun Corp's subsidiary won a huge international order, affecting its stock outlook.