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Maharashtra Seamless Limited’s ‘Jindal Explorer’ Rig Commences Operations with ONGC

Story Highlights
  • Maharashtra Seamless Limited’s rig ‘Jindal Explorer’ begins operations with ONGC.
  • This marks a strategic milestone, boosting the company’s market position in oil and gas.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Maharashtra Seamless Limited’s ‘Jindal Explorer’ Rig Commences Operations with ONGC

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The latest announcement is out from Maharashtra Seamless Limited ( (IN:MAHSEAMLES) ).

Maharashtra Seamless Limited has announced that its jack-up rig, ‘Jindal Explorer,’ has begun operations under a three-year charter hire agreement with Jindal Drilling & Industries Limited, working with Oil & Natural Gas Corporation Limited (ONGC). This development signifies a strategic operational milestone for the company, potentially enhancing its market position in the oil and gas sector and providing a steady revenue stream.

More about Maharashtra Seamless Limited

Maharashtra Seamless Limited operates in the manufacturing industry, focusing primarily on the production of seamless pipes and tubes. The company serves various sectors, including oil and gas, power, and infrastructure, providing essential components for these industries.

Average Trading Volume: 16,236

Technical Sentiment Signal: Hold

Current Market Cap: 75.42B INR

See more data about MAHSEAMLES stock on TipRanks’ Stock Analysis page.

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