Maharashtra Seamless shines on receiving first order of subsea sour service seamless pipes
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Maharashtra Seamless is currently trading at Rs. 678.50, up by 7.05 points or 1.05% from its previous closing of Rs. 671.45 on the BSE.
The scrip opened at Rs. 684.00 and has touched a high and low of Rs. 684.70 and Rs. 673.65 respectively. So far 1578 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 690.00 on 15-Jul-2022 and a 52 week low of Rs. 287.85 on 11-Aug-2021.
Last one week high and low of the scrip stood at Rs. 690.00 and Rs. 643.50 respectively. The current market cap of the company is Rs. 4498.69 crore.
The promoters holding in the company stood at 67.00%, while Institutions and Non-Institutions held 4.56% and 28.44% respectively.
Maharashtra Seamless has received its first order of subsea sour service seamless pipes from an esteemed customer with basic value of around Rs 130 crore. The company has displayed its technical expertise by successfully developing subsea sour service seamless pipes in-house in its continuous efforts to provide import substitution products and enhance margins.
Subsea sour service seamless pipes are high value addition pipes and are used for subsea transportation of crude oil and gas in high pressure environments. Capacities for these pipes have been developed for the first time in India keeping in view the Government’s policy of Aatmanirbhar Bharat.
Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology.
