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Maharashtra Seamless acquires offshore jack up drilling rig

27 Mar 2020 Evaluate

Maharashtra Seamless has acquired an Offshore Jack Up Drilling Rig from Star Drilling, Singapore, an associate of the company for $100 million, consequent upon receipt of requisite approval from the Seller, The said Rig is currently operating under contract with Oil and Natural Gas Corporation (ONGC).

Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology. The company also manufactures ERW Pipes and Coated Pipes. The company also engaged in the business of Wind Power, Steel Pipes & Tubes.

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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