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Hot Pursuit

Scrips, which has significant changes during the market hours.

Maharashtra Seamless rises on bagging order for Rs 537 cr

31-Mar-23 13:11Hrs IST

The scope of order entails supply of pipes in various states including Maharashtra, Gujarat, Rajasthan, West Bengal, Andhra Pradesh, Assam and Tripura as required by ONGC.

The order is to be executed through gradual dispatches over the course of 46 weeks.

Maharashtra Seamless manufactures carbon and alloy steel seamless pipes, ERW (Electrical Resistance Welding) steel and castings pipes. The company also owns a wind power mill.

The company's consolidated net profit jumped 81.4% to Rs 171.76 crore on 17.5% rise in net sales to Rs 1,338.49 crore in Q3 FY23 over Q3 FY22.

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