Maharashtra Seamless Ltd receives Rs. 197 crores order from ONGC

Maharashtra Seamless Limited has received an order with basic value of Rs. 197 crores for casing pipes from ONGC Ltd.

ONGC Ltd. will utilise these pipes for its oil and gas exploration activities in Rajasthan, Gujarat, Andhra Pradesh, Assam and Tripura. As India is ramping up its exploration and production activities in oil and gas sector, the Company expects sustainable improvement in domestic demand for its products.

Shares of Maharashtra Seamless Limited was last trading in BSE at Rs. 809.15 as compared to the previous close of Rs. 801.15. The total number of shares traded during the day was 25175 in over 1987 trades.

The stock hit an intraday high of Rs. 830.00 and intraday low of 789.35. The net turnover during the day was Rs. 20435708.00.

Source : Equity Bulls

Keywords

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