Maharashtra Seamless secures ONGC order worth Rs 474 Crores

Maharashtra Seamless Ltd has announced that the Company has bagged a prestigious order from Oil & Natural Gas Corporation Ltd (ONGC) for supply of both higher and smaller dia Seamless Casing Pipe for a value of Approx. Rs 474 Crore.

Both Seamless mills of the Company are performing efficiently. There is a robust demand for the seamless pipes and the trend is expected to continue with an overall excellent order book position. With the above, the total order book position of the Company stands at Rs 800 Crores for Seamless Pipes & Rs 50 Crores for ERW Pipes.

Source : Equity Bulls

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