Yes, it is true the assets of the company were showed at book value and not at fair value but going forward the asset will be of close to 500 crores as per scuttlebut the company has a good land bank for expansion from past many years and now buildings and construction is going on, in the past the they used to manufacture the pipes through their sister concerns and now they are being full Integrated players with merging all those entities into the listed company like we saw recently and also modernization work is going with DFT technology which will help them ensure better quality pipes.
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