February 09, 2025 | Mumbai, India
Welspun Corp Limited (NSE: WELCORP, BSE: 532144) has announced that its associate company,
East Pipes Integrated Company for Industry (EPIC), based in Saudi Arabia, is set to expand its production capacity. EPIC, a leading manufacturer of
Helical Submerged Arc Welded (HSAW) pipes, has signed contracts to establish a new
HSAW production line at its facility in
Dammam 2nd Industrial City.
Key Highlights of the Expansion
- Project Cost: SAR 48 million (~INR 113 crore)
- Funding Sources: Internal cash reserves, bank facilities, and other financing programs
- Additional Capacity: 100,000 metric tons (MT), increasing the existing nominal capacity from 400,000 MT to 500,000 MT
- Expected Completion: Q4 FY 2025-26
- Expected Commercial Production: Q1 FY 2026-27
- Financial Impact: Project benefits to reflect in FY 2025-26 and FY 2026-27
- Related Party Transactions: None
The expansion aligns with
Saudi Arabia’s Vision 2030, reinforcing EPIC’s position as a preferred supplier in the Kingdom’s infrastructure and energy sectors.
Strategic Significance
EPIC’s fully integrated manufacturing setup and proven track record in
executing large-scale orders efficiently will further strengthen its
market leadership in Saudi Arabia. This capacity enhancement is expected to boost the company's ability to cater to growing pipeline infrastructure demand in the region.