Maharashtra Seamless: Down 30% from top

 https://youtu.be/t2jkwlVLV3I?si=cY2SRcArB7nNSABl


  • Maharashtra Seamless: Down 30% from top
  • Co. has been included in various NSE indices from 28th March 2024, namely NIFTY500, NIFTY Small Cap 250 and NIFTY MidSmall Cap 400
  • FII and DII holding together has also gone up to 16% from 7% at the start of the year
  • Regarding ICDs and corporate guarantee. In line with the commitments made to shareholders two years ago, there are no ICDs to unrelated parties or corporate guarantees outstanding as on 31st March '24. 
  • Co. has come a long way from the time when this used to be the main cause of concern, and that has now been fully and completely resolved
  • Seamless pipes market remained strong, driven by capital expenditure and spending in oil and gas sector  
  • Currently, order book is at INR 1,753 crores, of which 60% is on account of ONGC and Oil India

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