Under the contract, the iron maker will supply casing seamless pipes in gradual dispatches within a period of 44 weeks.
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.
The company had reported 72.9% jump in consolidated net profit to Rs 275.95 crore on 6.9% rise in net sales to Rs 1,431.13 crore in Q3 FY24 over Q3 FY23.
The scrip closed 0.43% lower at Rs 897.15 on Wednesday 10 April, 2024. The market is closed today on account of Id-Ul-Fitr (Ramzan Id).