Welspun Corp Associate Wins ₹2,000 Crore Aramco Order; Shares Rise 2.55%

Mumbai, September 21: Welspun Corp Limited’s associate company East Pipes Integrated Company for Industry (EPIC) has secured a major contract from Saudi Arabian Oil Company, better known as Saudi Aramco, for manufacturing and supplying steel pipes worth SAR 771 million, or approximately ₹2,000 crore including value-added tax.

The contract has a six-month execution period and is expected to contribute to Welspun Corp’s financial performance from the fourth quarter of FY2026-27 through the first quarter of FY2027-28.

Welspun Corp Associate Secures Saudi Aramco Steel Pipe Contract

According to Welspun Corp’s exchange disclosure dated September 20, 2026, EPIC has signed the contract with Saudi Aramco for the manufacture and supply of steel pipes.

The total contract value is SAR 771 million, including applicable value-added tax. Based on the company’s disclosure, this is equivalent to approximately ₹2,000 crore.

EPIC is a listed entity in the Kingdom of Saudi Arabia and is described by Welspun Corp as Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes.

Stock Market Snapshot

The Welspun Corp share price stood at ₹2,728.00, up ₹67.90 or 2.55%, as of 12:22:48 PM IST on September 21, 2026, according to the market data shown.

The stock traded in a range of roughly ₹2,675 to ₹2,730 during the session before moving back towards the day’s higher levels around noon.

The share price movement reflects the stock’s trading position during the session. It is not being presented as a confirmed direct reaction to the Saudi Aramco contract.

Contract To Be Executed Over Six Months

EPIC will execute the Saudi Aramco contract over a six-month period.

Welspun Corp said the financial impact of the contract is expected to be reflected from Q4 FY2026-27 through Q1 FY2027-28. This means the revenue contribution will be spread across the two specified quarters rather than being recognised entirely in one period.

The contract strengthens EPIC’s order pipeline in the Saudi market, where the company has an established manufacturing presence.

EPIC Strengthens Saudi Market Position

EPIC manufactures Helical Submerged Arc Welded pipes and serves customers in Saudi Arabia’s energy and infrastructure markets.

Welspun Corp said the company has a track record of executing large orders within scheduled timelines while maintaining quality standards. The latest contract with Saudi Aramco adds another sizeable project to its portfolio.

The company also highlighted EPIC’s role in supporting Saudi Arabia’s Vision 2030 objectives through its manufacturing operations and supply capabilities.

Saudi Aramco Order Adds To Welspun Corp’s International Business

Welspun Corp has operations and business interests across the global steel pipe and infrastructure markets.

The Saudi Aramco contract has been secured by an associate rather than directly by Welspun Corp. Therefore, the ₹2,000 crore contract value should be understood as the value of EPIC’s contract, not as a direct order booked by Welspun Corp itself.

The development nevertheless adds to the group’s exposure to Saudi Arabia’s energy infrastructure market.

About Welspun Corp

Welspun Corp is part of the Welspun Group and operates in the large-diameter line pipe and related infrastructure segments.

The company has a global customer base across energy and infrastructure markets, with manufacturing and supply capabilities serving projects in India and overseas.

Its business includes line pipes and related products used across oil and gas, water and other infrastructure applications.

Conclusion

Welspun Corp’s associate East Pipes Integrated Company for Industry has secured a SAR 771 million contract from Saudi Aramco for the manufacture and supply of steel pipes.

The contract, valued at approximately ₹2,000 crore including VAT, will be executed over six months. Welspun Corp expects the financial impact to be reflected from Q4 FY2026-27 through Q1 FY2027-28.

Meanwhile, the Welspun Corp share price stood at ₹2,728.00, up ₹67.90 or 2.55%, as of 12:22:48 PM IST on September 21, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/WELCORP/Welspun-Corp-Limited
• https://nsearchives.nseindia.com/corporate/WELCORP_20092026214050_SEDisclosureEPICOrdersigned.pdf