Element List Explanation
Introduction East Pipes Integrated Company for Industry announces the issuance of purchase order to Welspun Corp Limited (Related Party) for the manufacture and supply of steel pipes.
Date of Announcement of the Award 2025-09-26 Corresponding to 1447-04-04
Contract Subject Matter Purchase Order for Welspun Corp Limited (Related Party) for Manufacturing and Supply of Steel Pipes
The Entity with Which the Contract was Signed Welspun Corp Limited (Related Party)
Date of Signing the Contract 2025-07-09 Corresponding to 1447-01-14
Contract Value SAR 173,186,709.23
Contract Details Signed a purchase order with Welspun Corp Limited (Related Party) for Manufacturing and Supply of Steel Pipes. This order relates to a limited portion of an existing project previously awarded to East Pipes. The PO was placed in response to the client’s request to accelerate execution of the main phase of a critical gas infrastructure project. Deliveries are expected to be finalized before the end of the third quarter of the financial year 2025/2026. (attached earning release).
Contract Duration Three months.
Financial Impact and the Relevant Period The financial impact of the purchase order will be reflected in 3rd Quarter of financial year 2025/2026
Related Parties Welspun Corp Limited, the largest shareholder of East Pipes Integrated Company for Industry with a 26.49% ownership stake, is represented on the Board by Mr. Vipul Shiv Sahai Mathur (Chairman) and Mr. Viswanathan Hariharan Kollengode (Member). Both representatives abstained from voting on the relevant Board resolution.
Attached Documents