East Pipes Integrated Company for Industry, founded in 2010 is a manufacturer of helical submerged arc welded pipes in Dammam, Kingdom of Saudi Arabia. The company has a production capacity up to 500,000 tons of pipes annually that are used to transport water, oil and gas.
Shares of Welspun Corp were trading 0.61% lower to Rs 162.35 on BSE. Welspun Corp is a one-stop service provider offering end-to-end pipe solutions.
The company's consolidated net profit slumped 70.21% to Rs 61.38 crore on a 6.78% decline in revenue from operations to Rs 1,298.89 crore in Q3 FY22 over Q3 FY21.
