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Maharashtra Seamless bags major steel pipe order from ONGC- The 20th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
12/6/2018 管材展-钢管展-steel tube expo-tube &pipe expo |
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Economic Times reported that Maharashtra Seamless, which bagged an equipment-supplies order worth INR 920 crore from ONGC, should benefit from increasing demand from a customer-segment in which it enjoys a market share of 35-40 per cent. Maharashtra Seamless has received the order from ONGC for supplying seamless casings, tubings, line pipes and ERW pipes from India’s premier national oil company.
Mr Shailee Parekh, analyst, Prabhudas Lilladher said that “This order improves the visibility for achieving our revenue and profit estimates of INR 2,970 crore and INR 380 crore, respectively, for this year.”
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