Maharashtra Seamless gains on bagging order worth Rs 197 crore from ONGC

23 Aug 2022 , 02:38 PM

ONGC will utilize 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 said in a statement. Maharashtra Seamless (MSL) manufactures seamless pipes & tubes with the finest quality and wide product range using the world renowned CPE technology. MSL made a foray in the ERW pipe category and also started coated facility. The company has also diversified into renewable power generation and rig operations. The companys consolidated net profit jumped 59.91% to Rs 153.23 crore on a 93.25% increase in sales to Rs 1,334.37 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News