MoneyWorks4Me

Maharashtra Seamless secures order of Rs 197 crore from ONGC

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 1169.00
Tata Steel 173.60
Steel Authority 171.50
Jindal Stainless 707.85
APL Apollo Tubes 2105.10
View more..