MoneyWorks4Me

Maharashtra Seamless commissions seamless pipe facility at Mangaon

30 Mar 2012 Evaluate

Maharashtra Seamless has commissioned its new state of the art manufacturing facility of 6 seamless plants at Vile-Bhagad industrial area, near Mangaon in Maharashtra. The company is using MPM technology which would provide good quality, higher productivity and yield. Besides manufacturing drill pipes it would also be able to manufacture high thickness as well as long length pipes. This will help the company to broaden its product base in Oil & Gas, Boiler and Automobile segment.

The capacity of this plant is 200000 TPA and with this total capacity to manufacture seamless pipes would increase to 550000 TPA.

This project is entitled for mega project benefits under Government of Maharashtra Package scheme of incentives 2007 and is entitled for exemption of various state levies under the scheme and would be able to claim refund of VAT, Electricity duty etc.

Further, with the commissioning of this facility the company would be able to substantially improve its sales volume in coming years.

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.

Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 750.90
APL Apollo Tubes 2270.65
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