The value of the contract exceeds SAR 1.65 billion (Approximately Rs 3,670 crore).
The duration of the said contracts is 19 months between the east pipes integrated company for industry (EPIC) with the Saudi Arabian Oil company (Aramco).
The company stated in regulatory filling that the financial impact of the contracts will be reflected from fourth quarter of financial year 2024-25 to fourth quarter of financial year 2025-26.
Welspun Corp is primarily engaged in business of manufacture and distribution of steel and steel products.
The company’s consolidated net profit declined 8.01% to Rs 268.48 crore on 6.07% fall in revenue from operations to Rs 4,461.17 crore in Q4 FY24 over Q3 FY24.
