Prathiba Industries sets up production at new factory

Pratibha Industries Ltd has informed that the Company has successfully completed trial runs and commenced commercial production of 'Spirally Welded Mild Steel Pipes' (H-SAW Pipes) at its newly set up factory in the second quarter of the current year. The factory is located at Wada in Thane District, Maharashtra and has a capacity of 92000 tpa. The implementation of 3 LP coating plant (capacity 1.7 million sq. mtrs.) is on schedule and will be operational in the fourth quarter of the current year. The total capital outlay is estimated at Rs 81.10 cr, out of which the Company has already expended Rs 63.84 cr till September 30, 2007.

The Company is in the process of obtaining 'API 5L X80' certification from the American Petroleum Institute (API) which makes the pipes manufactured at its factory eligible for transportation of 'Oil & Gas'. The quality system manual is already approved by API and the certification is expected before end of this quarter. The factory already has firm orders for supply of 208 km of pipes.

The Company is engaged in infrastructure business and manufacture of SAW Pipes. As Pratibha moves ahead, the Company has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.