Maharashtra Seamless Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MAHSEAMLES · price
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Awaiting price reaction for this filing.
Maharashtra Seamless Limited has received an order valued at approximately Rs. 256 crores for the supply of seamless pipes to the oil and gas sector. The order has been placed by a domestic entity and is unrelated to the company's promoters or group companies. Deliveries will be made gradually over the next two quarters as per the customer's requirements. This is a fresh order disclosure made under SEBI Listing Regulations.
This is a positive development for the company, adding a sizeable Rs. 256 crore order to its order book, which should support revenue visibility over the next two quarters. The domestic oil and gas sector focus indicates steady demand from core industries, though the stock impact will depend on the order's size relative to overall annual revenue.