Maharashtra Seamless Secures ₹256 Crore Order; Stock Rises 1.23%

Mumbai, September 25, 2025: Maharashtra Seamless Ltd shares rose by 1.23% on Thursday at 12:31 PM and were trading at ₹611.10 in NSE, after the company announced that it had won one domestic order worth about ₹256 crore to supply seamless oil and gas pipes. The shares of Maharashtra Seamless Ltd opened at ₹604.90, trading within a range of ₹603.70 to ₹619.00. The company has a market capitalisation of ₹8,190 crore and a price-to-earnings (P/E) ratio of 9.72. It offers a dividend yield of 1.64%, with a quarterly dividend of ₹2.51 per share. Over the past 52 weeks, the stock has recorded a high of ₹814.30 and a low of ₹566.50.

Maharashtra Seamless Ltd is one of the group companies of DP Jindal Group. The company produces seamless as well as ERW pipes. Listed on BSE and NSE, it is also a constituent of the BSE 500 index. The company is primarily involved in the business of iron and steel products.

Order Highlights

Maharashtra Seamless Ltd informed on Thursday that it had clinched a domestic order worth about ₹256 crore for oil and gas seamless pipes. The order will be completed within six months from here on, and the company has also clarified that such an order is not a related party transaction. The new order marks Maharashtra Seamless’s supremacy in the domestic oil and gas infrastructure space.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e352561d-ab98-4300-92b0-a5e4dc65636d.pdf

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