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| Exchange Received Time 05/11/2018 15:11:36 Exchange Disseminated Time 05/11/2018 15:11:40 Time Taken 00:00:04 | We hereby. intimate under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, that Commercial Production of 3LPE Coated Pipe Unit at Anjar-Kutchh (Gujarat) with an installed capacity of 18,50.000 Sq. mtr. for External and 11,00,000 Sq. mtr. Internal Coating for pipes ranging from 4" to 64" commences today, being the 5th November, 2018.
With the commencement of the aforesaid 3LPE Coating unit, the Company will be benefitted by higher capacity utilization of its existing Spiral and API Pipes facilities and achieve savings in logistic & coating charges. This shall further leveraging the presence of the Company in the Domestic as well as Global 3LPE Coated Steel Pipes Segment for Oil, Gas (including CGD) and
Infrastructure Sector, leading to improvement in top and bottom line of the Company''s Steel Pipe & Strips Segment.
This is for your information and records |
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