Maharashtra Seamless Limited has strengthened its order pipeline with INR 714 crore of orders from ONGC and Oil India, alongside a strong export component and a special INR 100 crore cylinder pipe order, creating a favourable mix of higher-margin business.

Aug 12, 2026

Maharashtra Seamless Limited (MSL) is seeing a significant improvement in its order book, which currently stands at INR 1,709 crore, with a strong contribution from high-margin segments. Of the total order book, INR 714 crore worth of orders have been secured from ONGC and Oil India, making the oil sector a key driver of the company’s current order pipeline.

The company also has a substantial presence in the export segment, which accounts for 20% of the total order book and is another higher-margin business. In addition, MSL has secured special orders worth INR 100 crore for cylinder pipes, further strengthening its order mix.

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The improved composition of the order book is expected to support margins in the coming quarters. The company has indicated that the revival in its order book and the accumulation of higher-value orders over recent months have been particularly encouraging.