The aforementioned order would be executed in FY26.
"This win further reinforces our leading position in the USA O&G market. Our outlook for the USA market remains extremely positive. We have also participated in few more projects and are favourably placed in additional 1-2 large projects,” the company said in a statement.
Welspun Corp is primarily engaged in business of manufacture and distribution of steel and steel products.
The company's consolidated net profit jumped 50.06% to Rs 248.18 crore despite a 22.90% fall in sales to Rs 3,137.23 crore in Q1 FY25 over Q1 FY24.
The scrip declined 1% to currently trade at Rs 725.25 on the BSE.