Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
The Saudi Arabian Oil Co. (Aramco) and domestically produced Welspun Corp Ltd. declared that their partner company EPIC had inked several contracts worth SAR 1.65 billion, or roughly ₹3,670 crore, for the delivery of steel pipes.
According to Welspun Corp, the contracts’ duration is 19 months, and their financial impact will be reflected from the fourth quarter of the financial year 2024-25 to the last quarter of the financial year 2025-26.
“Our associate company East Pipes Integrated Company for Industry (EPIC) today announced multi contracts sign off with Saudi Arabian Oil Co. (Aramco) with value exceeding (Saudi Riyal) SAR 1.65 billion (approximately ₹3,670 crore) inclusive of value added tax for manufacturing and supply of steel pipes,” it said.
EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes, Welspun Corp said.
Also Read : Tata's UK electric car battery plant to be in Bridgwater India’s Essar Group to build green hydrogen plant in Gujarat
JSW Steel, Tata Steel, ACC Ltd and JK Cement Ltd are among the prominent companies vying for coal mi...
Large Corporate 21-Feb-2024
Tokyo Steel Manufacturing Co. Ltd., Japan's leading electric-arc furnace steelmaker, announced its d...
Large Corporate 19-Feb-2024
British Steel has secured a £70 million export order to supply billet for major port red...
Europe 20-Mar-2026
New US–UK Trade Deal Launches, UK Steel Awaits Crucial Tariff Decision A major trade agreemen...
USA 30-Jun-2025
Jindal Steel Duqm, a subsidiary of the Naveen Jindal Group, is set to launch operations at its state...
Large Corporate 08-Jul-2025
JSW Steel surged to a new 52-week high of ₹1,221.6 on October 29, 2025, continuing its strong upward...
Construction 31-Oct-2025