Maharashtra Seamless gained 1.49% to Rs 371.20 after the company bagged a Rs 237 crore order from Oil and Natural Gas Corporation.
The scope of the order is to supply seamless casings pipes. The announcement was made during market hours today, 8 October 2021.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.
On a consolidated basis, the company posted a 113.7% rise in net profit to Rs 96.16 crore on a 50.4% increase in net sales to Rs 690.48 crore in Q1 FY22 over Q1 FY21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
