East Pipes Integrated Company for Industry (East Pipes), a Saudi Arabia-based steel pipe producer, announced it issued a purchase order valued at SAR 173.2 million to its related party, Welspun Corp Limited, for the manufacture and supply of steel pipes.

The order relates to accelerating a limited portion of a critical gas infrastructure project. Welspun Corp is the largest shareholder in East Pipes with a 26.49% stake.

The contract has a three-month duration, with deliveries expected to be completed before the end of the third quarter of the 2025/2026 financial year. The financial impact of the purchase order will be reflected in that same quarter.