Maharashtra Seamless Limited has secured a significant order worth approximately ₹298 crores for the supply of seamless pipes in the oil and gas sector. This order, awarded by a domestic entity, reinforces the company’s strong presence in the Indian market.
The supply contract entails the gradual dispatch of seamless pipes over the next few quarters, aligning with the customer’s specific requirements. Maharashtra Seamless, known for its high-quality products and reliability, continues to be a preferred choice for major industrial sectors, particularly oil and gas.
This order highlights the company’s expertise in manufacturing and delivering seamless pipes that meet industry standards. With a commitment to timely execution and customer satisfaction, Maharashtra Seamless is set to strengthen its market position further.
Notably, the promoter or promoter group of Maharashtra Seamless has no vested interest in the awarding entity, ensuring transparency in the deal. Additionally, the transaction does not fall under related party transactions, reaffirming its independence and competitive nature.
In the meantime, on Thursday, Maharashtra Seamless Limited’s shares closed at ₹661.40, reflecting a 1.43% increase from the previous close of ₹652.10. Over the past 52 weeks, the stock has reached a high of ₹964.45 and a low of ₹566.50.
