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.
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Jindal said that we have a strong order book and we are looking at consistent growth going ahead.
According to him, growth rate will continue because of increase in production and also in prices.
Talking about tariffs, he said that steel which is going into US will be restricted, so it will be diverted to other markets and therefore, we expect a correction in steel prices which is a raw material. If steel prices come down it will benefit us.
