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Our Bureau

Mumbai , Feb. 16

ISMT Ltd, the Pune-based manufacturer of specialised seamless tubes and alloy steel, has bagged an order for 19,496 tonnes of seamless casing pipes from ONGC valued at about Rs 113 crore.

This order has to be executed over a period of 34 weeks beginning April 1, 2006.

This contract is an extension of the order that ISMT Ltd had received for two-year period of 2004-06. "It provides the base load for our plants which enables us to rationalise the product mix with a clear focus on the high-end automobile, general engineering, and bearing products,'' the news release said quoting Mr Rajiv Goel, CFO.

"In the emerging scenario for the Indian oil exploration and refining sector, we see ourselves playing an important role as a supplier of high-end seamless tube products,'' he said.

More Stories on : Announcements | Steel | Oil & Natural Gas Corporation Ltd

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