EPIC Secures Major ₹1,165 Crore Steel Pipe Order as Welspun Corp Reports Strong Q2 Performance

Welspun Corp has strengthened its global project portfolio with a significant development from its associate company East Pipes Integrated Company for Industry, widely known as EPIC. The Saudi Arabia listed steel pipe manufacturer has secured a major contract worth nearly one thousand one hundred and sixty five crore rupees from the Saudi Water Authority. This large scale order involves the manufacturing and supply of steel pipes for the Kingdom’s expanding water infrastructure network and reinforces EPIC’s strong reputation as a trusted and high quality supplier.

The contract tenure is expected to span six months and the financial impact of this order will be reflected across the final quarter of the financial year twenty twenty six and the first quarter of the financial year twenty twenty seven. EPIC operates fully integrated facilities in Saudi Arabia and is recognised as one of the region’s leading producers of Helical Submerged Arc Welded pipes. Its consistent execution record and customer focused approach continue to support the Kingdom’s long term infrastructure priorities under Vision twenty thirty.

This development comes at a time when Welspun Corp has reported an impressive second quarter performance. The company recorded a consolidated net profit of four hundred and thirty nine crore rupees, marking a strong fifty three percent year on year jump. Revenue for the quarter reached four thousand three hundred and seventy three crore rupees, showcasing a healthy thirty two percent growth compared to the previous year. The rise in profitability was also complemented by a robust improvement in operating performance, with EBITDA coming in at five hundred and ninety crore rupees. This reflects an increase of nearly forty eight percent over last year and resulted in an EBITDA margin of thirteen point five percent.

The addition of EPIC’s new contract further strengthens the broader order book position and enhances Welspun Corp’s visibility in global markets. Despite overall market volatility, the company continues to deliver resilient financial results supported by its diversified presence and strong execution capabilities.