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Coimbatore, Dec 14

Maharashtra Seamless Ltd, the flagship company of D.P. Jindal Group, has announced that it has won export orders worth $40 million from the US and Latin America to support the drilling programmes of oil & gas majors in the above region. With the exploration & drilling activities on the rise, the demand for seamless pipes is expected to rise significantly and MSL is better positioned to get some major pipe contracts in the coming time. Recently, the US authorities h ave initiated anti-dumping duty investigation against Chinese pipes and have already imposed preliminary countervailing duty. This would pave the way for better market share in the US for others and Indian players.

– Our Bureau

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