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Welspun Corp Limited ( (IN:WELCORP) ) has provided an announcement.
Welspun Corp Limited has announced a significant capacity expansion through its associate company, East Pipes Integrated Company for Industry, which is set to establish a new production line for HSAW pipes in Dammam’s Industrial City. This expansion, with a project cost of approximately SAR 48 million, is expected to increase production capacity by 100,000 MTs and is slated for completion in the fiscal year 2025-26. The project, funded through EPIC’s resources, aims to enhance the company’s market positioning and support its financial growth, aligning with its strategic objectives in the Saudi market.
More about Welspun Corp Limited
Welspun Corp Limited operates in the industry of manufacturing welded pipes and is associated with East Pipes Integrated Company for Industry (EPIC), a leading Saudi Arabian manufacturer specializing in Helical Submerged Arc Welded (HSAW) pipes. EPIC is known for its fully integrated manufacturing facilities and has a strong market presence in Saudi Arabia, aligning with the country’s Vision 2030 initiative.
YTD Price Performance: -1.03%
Average Trading Volume: 56,935
Current Market Cap: 210.4B INR
For detailed information about WELCORP stock, go to TipRanks’ Stock Analysis page.