Pipe

In Fiscal 2025, we are diversifying our production to include pipe manufacturing from stainless steel sheets. We intend to produce pipe from 0.5” to 3” with a thickness of 1 mm to 2 mm.

We have entered a factory lease agreement, with Hans Industries Private Limited, dated June 4, 2024, under which we are leasing a facility in Bhavnagar, Gujarat with an approximate installed capacity of 5,500 MT of pipe per month. The term of the lease is five years and expires on June 30, 2029, with an option to renew the agreement after every 11 months and 29 days.  The rent is ₹4.50 lacs per month (₹ 54 lacs per annum). The Company has applied for the BIS License and trial production has begun at the factory.

We intend to purchase stainless steel sheets needed for pipe production after cutting to the required size to reduce the cost of wastage.  We expect to purchase these pre-cut stainless steel sheets from suppliers across India on a purchase order basis.