Maharashtra Seamless receives order of Rs. 130 crores

Maharashtra Seamless Limited has received its first order of subsea sour service seamless pipes from an esteemed customer with basic value of Rs. 130 crores approx.

The Company has displayed its technical expertise by successfully developing subsea sour service seamless pipes in-house in its continuous efforts to provide import substitution products and enhance margins. Subsea sour service seamless pipes are high value addition pipes and are used for subsea transportation of crude oil and gas in high pressure environments. Capacities for these pipes have been developed for the first time in India keeping in view the Government's policy of Aatmanirbhar Bharat.

Shares of Maharashtra Seamless Limited was last trading in BSE at Rs. 671.45 as compared to the previous close of Rs. 666.35. The total number of shares traded during the day was 25388 in over 1681 trades.

The stock hit an intraday high of Rs. 690.00 and intraday low of 659.30. The net turnover during the day was Rs. 17156761.00.

Source : Equity Bulls

Keywords

MaharashtraSeamless INE271B01025 OrderWin