Maharashtra Seamless

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The company made voluntary prepayment of outstanding long term loan of Rs 234 crore on June 09, 2023. The stock has zoomed 53 per cent so far this year.

The Bombay High Court has issued a notice to Maharashtra minister Abdul Sattar for ordering 'regularisation' of the possession of land reserved for public 'gairan' (grazing) in favour of a private person in the face of a civil court order. There shall be an interim stay to the effect and operation of the order passed on June 17, 2022 by Sattar until further orders, the HC's Nagpur bench said while issuing the notice on December 22. The details were available on Saturday. The bench was hearing a petition filed by social activist Shyam Deole and another person against the order Sattar had passed in June 2022 when he was the revenue minister. As per the petition, a public utility land meant for grazing measuring 37 acres was 'regularised' in favour of a private person. This was done even after the claim of this private person had been rejected by the civil appellate court, said the petitioner who was represented by advocate Sunil Manohar. The HC held that prima facie (on the face of

In the past one year, the stock has appreciated by 100 per cent on the back of robust financial performance and strong order book position.

On October 8, 2021, Maharashtra Seamless had announced that the company has successfully bagged an order worth Rs 237 crore from ONGC for supply of seamless casings pipes

For the quarter ended September 2019, the company posted a net profit of Rs 196.3 crore, while revenue came in at Rs 788.1 crore.

According to Liberty, the outcome of the MSTC would have a material impact on the case being heard in the NCLT