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Maharashtra Seamless prepays loan of Rs 234 crore

12 Jun 2023 Evaluate

Maharashtra Seamless has made voluntary prepayment of outstanding long term loan of Rs 234 crore on June 09, 2023. In view of its high order book and strong liquidity position, the Company went ahead with this prepayment entirely from its internal accruals to become completely debt free. This is the second instance of voluntary prepayment of long term loan in the past 8 months. 

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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