Maharashtra Seamless Limited , a prominent player in the seamless pipe manufacturing industry, has announced a significant new order valued at approximately ₹256.00 crore. The company disclosed this information in a regulatory filing to the stock exchanges on September 25, 2025.

Order Details

The order, received from a domestic entity, involves the supply of seamless pipes for the oil and gas sector. This development underscores Maharashtra Seamless's strong position in the industry and its ability to secure substantial contracts in the crucial energy infrastructure segment.

Execution Timeline

According to the company's disclosure, the order will be executed over the next two quarters. Maharashtra Seamless stated that the dispatches would be carried out gradually during this period, aligning with the customer's requirements.

Market Impact

This order is expected to have a positive impact on Maharashtra Seamless's business outlook for the coming quarters. The substantial value of the contract, at ₹256.00 crore, represents a significant boost to the company's order book.

Company's Statement

Ram Ji Nigam, Company Secretary of Maharashtra Seamless Limited, confirmed the order in the regulatory filing, stating, "We are pleased to inform you that the Company has received an order with basic value of Rs. 256 crores approx. for supply of seamless pipes."

Additional Information

The company clarified that the order does not fall within related party transactions, and neither the promoter, promoter group, nor group companies have any interest in the entity that awarded the contract.

Maharashtra Seamless's ability to secure this domestic order in the oil and gas sector demonstrates the ongoing demand for high-quality seamless pipes in India's energy infrastructure projects. As the company moves forward with the execution of this order, investors and industry observers will likely keep a close watch on its performance and potential for securing similar contracts in the future.

Maharashtra Seamless Limited , a leading seamless pipe manufacturer, reported a challenging first quarter, with revenue declining 11% to Rs 1,303.00 crores compared to the previous quarter. The company faced headwinds from Chinese dumping and reduced expenditure in the oil and gas sector, impacting its order book and financial performance.

Financial Performance

The company's EBITDA saw a significant drop of 41% to Rs 165.00 crores, while Profit After Tax (PAT) declined by 4% to Rs 234.00 crores. Earnings Per Share (EPS) stood at Rs 17.00 for the quarter. Despite the decline in operational performance, Maharashtra Seamless maintained a strong treasury position, which contributed Rs 160.00 crores to other income, helping to cushion the impact on the bottom line.

Operational Highlights

Maharashtra Seamless dispatched 1,03,000 tons of seamless pipes during the quarter. However, the company experienced a marked slowdown in order booking, which has persisted longer than anticipated. The order book stood at Rs 1,149.00 crores, down by Rs 400.00 crores quarter-on-quarter, reflecting the challenging market conditions.

Market Challenges

Kaushal Bengani, Deputy General Manager of Investor Relations and Finance, attributed the slowdown to two primary factors:

1. Chinese dumping of seamless pipes
2. Reduced expenditure in the oil and gas sector

These factors have led to a decline in sales realization and put pressure on margins. The company expects the September quarter to remain muted on the margin front.

Financial Position

Despite the operational challenges, Maharashtra Seamless maintains a strong financial position:

Ongoing Projects

The company is progressing with two key projects:

1. Finishing line in Telangana: Rs 80.00 crores in purchase orders issued
2. Cold drawn pipes project in Maharashtra: Machine installations planned for August-September

Future Outlook

While the company faces near-term challenges, management remains focused on maintaining its market leadership position. Maharashtra Seamless is preparing for the renewal of anti-dumping duties and plans to petition for higher minimum import prices and broader product coverage to address Chinese dumping.

The company's cautious approach to expansion and strong cash position are expected to help weather the current market turbulence. However, recovery in the oil and gas sector spending will be crucial for improving order inflow and financial performance in the coming quarters.

Maharashtra Seamless continues to monitor market conditions closely and remains prepared to adapt its strategies to maintain its competitive edge in the seamless pipe industry.