Maharashtra Seamless is currently trading at Rs. 321.95, up by 3.90 points or 1.23% from its previous closing of Rs. 318.05 on the BSE.
The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 324.00 and Rs. 318.00 respectively.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 387.00 on 27-Jul-2011 and a 52 week low of Rs. 290.00 on 05-Jan-2012.
Last one week high and low of the scrip stood at Rs. 324.00 and Rs. 290.00 respectively. The current market cap of the company is Rs. 2264.12 crore.
The promoters holding in the company stood at 54.69% while Institutions and Non-Institutions held 28.10% and 17.21% respectively.
Maharashtra Seamless (MSL) has commissioned 5MW (AC) solar power project on January 06, 2012 located at Pokaran, Jaisalmer district in Rajasthan. The project was allotted to the company under Jawahar Lal National Solar Mission (JNNSM) by NTPC Vidyut Vyapar Nigam (NVVN), the nodal agency under ministry of new and renewable energy (MNRE).
The power purchase agreement (PPA) for the project was signed on January 10, 2011 and as per the PPA the project was to be commissioned by January 09, 2012. The power plant will generate 9.855 million units of electricity annually.
Maharashtra Seamless is engaged in the business of manufacturing pipes and tubes. The company is part of Rs 3000 crore D.P. Jindal Group. It also manufactures ERW pipes and seamless pipes. The company is already in the field of renewable energy and is operating 20 wind mills producing 7 MW power in the Satara district at Maharashtra.
