Maharashtra Seamless secures order of Rs 197 crore from ONGC

Maharashtra Seamless Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500265 | NSE: MAHSEAMLES

23 Aug 2022 Evaluate

Maharashtra Seamless has received an order with basic value of Rs 197 crore for casing pipes from Oil & Natural Gas Corporation (ONGC). ONGC 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.

Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology.

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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