India' Maharashtra Seamless rises on $65 mln order win

Maharashtra Seamless

31/03/2023 07:22

** Shares of Maharashtra Seamless Ltd  MHSM.NS  up as much
as 3.2% to 364.95 rupees, their highest since March 24, 2023
    ** Co on Thursday said it received orders worth 5.37 bln
rupees ($65.3 mln) from ONGC Ltd  ONGC.NS 
    ** Order for supplying seamless casing pipes, to be executed
over 46 weeks
    ** Stock shows light trading, with share volumes at 0.3x the
30-day moving avg as of 11:45 a.m. IST
    ** As of last close, stock up 9.1% so far this year,
extending a 27.2% gain in 2022
    
($1 = 82.2000 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))