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Maharashtra Seamless Ltd. Wins Rs 2.98bn Order

Maharashtra Seamless Limited (MSL) has secured an order for seamless pipes from the oil and gas sector valued at nearly Rs. 2.98 billion.

The order has been secured from a home-grown entity and will be serviced by phased deployments across a few quarters depending on client requirement. MSL added that this transaction does not qualify as a related party transaction and that the company’s promoter group does not have any financial interest in the awarding entity.

The firm expects its seamless pipes business to grow volumes 7-8% in FY25. MSL exported 400,000 tonnes of seamless pipes in the last fiscal. Having already shipped out 324,000 tonnes in the first nine months of FY25, the company expects to end the year at 435,000 tonnes.

MSL has set a dispatch target of 500,000 tonnes for FY27, reiterating its focus on growth.

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