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SRIPIPES

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SRIPIPES

SRIPIPES

Castings/Forgings

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Market Cap939 CrEPS22.20 LHigh205.3
Stock P/E7.7Net Profit MarginNALow200
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About the Company

Lanco Industries (LIL) was incorporated on November 1, 1991 by Lanco group of companies to manufacture pig iron using Korf (German) technology and cement. The unit is located at Rachagunneri Village on Tirupathi, Srikalahasthi road which is about 30 km from Tirupathi and 10 km from Srikalahasthi. The installed capacity of pig iron was 90,000 TPA and with similar capacity 90,000 TPA for cement.

Due to poor demand and other reasons, the operations of the cement unit of the company was suspended and the unit was reengineered for producing a different product mix having potential in south India.

As a measure of forward integration project for adding value to the pig iron manufactured by the company, LIL floated an another company named Lanco Kalahasthi Castings (LKCL) on March 4,1997 to manufacture iron castings and spun pipes in the same campus of the company with an annual capacity of 40,000 TPA and 35,700 TPA respectively. Accordingly, LIL had an arrangement with LKCL for supply of molten iron and pig iron to LKCL, being a value added product, as such iron pipes manufactured by LKCL offered better returns.

However, due to falling pig iron prices, increased additional capacity in the industry, competition and the technical & financial assistance, the operations of both LIL and LKCL were affected and the company was exploring financial and technical strategic alliance with Indian / Foreign Partner.

History

  • 1991 -Incorporation of Lanco
  • 1994 -Setting up of Mini Blast Furnace with 90,000 TPA capacity 
  • 1995 -Setting up a 250 TPD Mini Cement Plant 
  • 1997 -Setting up of LKCL for manufacture of 40,000 TPA castings and 35,700 TPA DI Pipes
  • 2002 -Strategic Alliance with Electrosteel Casting Limited
  • 2002 -Infusion of Rs.2200 lakhs to the equity and financial restructuring
  • 2003 -Merger of LKCL with LIL for synergy 
  • 2003 -Capacity of Pig Iron was increased to 90,000 TPA to 150000 TPA. 
  • 2004 -Capacity of DI Pipes was increased to 90,000 TPA. 
  • 2005 -Commissioning of 150,000 TPA coke oven plant. 
  • 2005 -Setting up of Captive Power Plant of 12 MW by using the waste heat recovered from the coke oven plant.
Parent OrganisationSrikalahasthi Pipes Ltd.Managing DirectorMayank Kejriwal
Founded1991NSE SymbolSRIPIPES