Shares of Maharashtra Seamless Ltd jumped nearly 2% to ₹615.85 apiece on Thursday, September 25, after the company announced it had bagged a domestic order worth approximately ₹256 crore for the supply of seamless pipes.
According to the company’s disclosure under SEBI Listing Regulations, the order was placed by a domestic oil and gas sector entity and will be executed over the next two quarters in line with customer requirements. Maharashtra Seamless clarified that neither its promoters nor group companies have any interest in the awarding entity, ruling out the transaction as a related-party deal.
The order strengthens the company’s position as a key supplier of seamless pipes to critical sectors, including oil and gas, while also boosting its revenue pipeline. The development comes at a time when India is ramping up infrastructure and energy projects, creating sustained demand for high-quality industrial inputs.
At 9:55 am, the stock was trading 2.01% higher at ₹615.85, compared to the previous close of ₹603.70 on the NSE.
