The Maharashtra Seamless stock is sulking in trade, down 18 percent from its January 2018 peak. In an interview to CNBC-TV18, Saket Jindal, MD of the company spoke about the latest happenings in the company and what is the outlook going ahead.

Targeting FY18 topline at Rs 2000 Crore: Maharashtra Seamless

In an interview to CNBC-TV18, Saket Jindal, MD of Maharashtra Seamless spoke about the latest happenings in his company and sector. Growth was led by increase in production due to anti-dumping duties imposed on China last year. So we have bagged the additional market share from Oil and Natural Gas Corporation (ONGC) and certain other sectors, he said.

Demand driven by govt spending & lower imports: Maha Seamless

"My orders have increased. Basically from government spending and public sector undertaking (PSU) orders, which were earlier fulfilled through imports, are now coming to Maharashtra Seamless", Ashok Soni, CFO of Maharashtra Seamless told CNBC-TV18.

40% of mkt to gain from anti-dumping duty: Maharashtra Seamless

Chinese imports have taken over 100 percent market share in the oil sector and over 50 percent share in the boiler sector, says Saket Jindal of Maharashtra Seamless.

Expect 12-15% margins from new orders: Maha Seamless

Saket Jindal, managing director, Maharashtra Seamless, expects to see about 12-15 percent margins on the back of new orders.

Buyback to boost shareholder confidence: Maha Seamless

Saket Jindal, MD, Maharashtra Seamless says the company's Rs 550 crore liquid cash, currently invested only in mutual funds, will be utilised in the future for capex