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Srikalahasthi Pipes Ltd. Company History and Annual Growth Details

Lanco industries was incorporated in the year 1991. It has two main products - pig iron and slag cement.

Commercial production at the pig iron plant in Tirupathi started in Sept. 1994. Capacity utilisation is 95.4% of rated capacity for 1996-97.

The company's captive power plant was commissioned in Feb 1995. For the year 1996-97, the company produced 24.8 MW internally which was 88% of its total consumption.

The company has a downstream 70,000 TPA Slag cement plant, 50% of input coming from the pig iron plant. Commercial production started in April 1996. Capacity utilisation is 47.39% of rated capacity for 1996-97.

The company raised Rs. 454.73 lacs through a Rights issue of 1:5 during the year 1995-96 for its expansion/diversification into cement production.

2001 - The Company has signed an agreement with CDSL, NSDL and Aarthi Consultants Pvt.
Ltd., Hyderabad, for dematerialisation.

2002-Lanco Industries Ltd has informed that Shri L Madhusudhan Rao the present Managing Director has resigned from the position of MD of the company and the Board has accepted the resignatio and also appointed Sri Gowri Shankar Tekriwal as Managing Director subject to the approval of shareholders and financial institutions.

2004

-Lanco signs MoU for Chhattisgarh project with UK firm

2005

-Commissioning of 150,000 TPA coke oven plant.

-Setting up of Captive Power Plant of 12 MW by using the waste heat recovered from the coke oven plant.

2006

-Capacity of D.I.Pipes was further increased from 90,000 TPA to 1,20,000 TPA and the 12 MW Waste Heat Recovery Based Co-Generating Captive Power Plant was set up, which started generating power

2007

-Stamp Charging System was successfully implemented at Coke Oven Plant for producing quality metallurgical coke at a lower cost.

- Shri. Mayank Kejriwal has been appointed as Managing Director of the Company.

2008

-Company implemented ERP system (SAP) to support business process and effective resource planning and management.

2009

-Capacity of D.I. Pipes was increased from 1,20,000 TPA to 1,80,000 TPA

2010

-Capacity of Mini Blast Furnace (MBF) for production of Liquid Metal/Pig Iron was enhanced from 150,000 TPA to 225,000 TPA and also the capacity of DI Pipes was enhanced from 180,000 TPA to 225,000 TPA with a capital outlay of about Rs.45 Crores.

2011

-Shri S.Y.Rajagopalan was appointed as an Additional Director on the Board of Directors of the Company

2012

-Shri K. Rajendra Prasad was appointed as Nominee Director on the board of the company by APIDC

2013

-Lanco Industries Ltd has informed that Mr. Atosh R. Surana, Sr. General Manager - Finance who is also a Member of The Institute of Company Secretaries of India has been appointed as Company Secretary and Compliance Officer of the Company.

2014

-Lanco Industries Ltd has informed that the Board of Directors of the Company has recommended a dividend of Rs. 1.50 (15%) per share for the year ended March 31, 2014.

-Srikalahasthi Pipes Ltd has informed that the name of the Company has been changed from Lanco Industries Ltd. to Srikalahasthi Pipes Ltd. with effect from September 29, 2014.

2015
-Srikalahasthi Pipes bags orders for supply of iron pipes.

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