Srikalahasthi Pipes Research Reports By SKP Securities & ICICI-Direct

Srikalahasthi Pipes Ltd (SPL), formerly known as Lanco Industries Ltd. (LIL), part of Electrosteel Group, is one of the India’s leading manufacturer of Ductile Iron (DI) pipes, a valuable input in water infrastructure for movement of drinking water supply, sewerage and irrigation. Having a production capacity of 2,25,000 MTPA of DI pipes, it also manufactures pig iron (2,75,000 MTPA), cement (90000 TPA), low ash metallurgical coke (2,25,000 MTPA) and generates power (14.5 MW) for captive consumption from its facility located near Tirupathi, Andhra Pradesh. Unlike uncertainties surrounding group companies Electrosteel Castings and Electrosteel Steels, due to latters’ financial troubles, SPL, being a pure play in DI pipes in domestic markets, appears to have hit a sweet spot, enjoying marketing syne rgies with group companies.

Sriklahasthi Pipes Ltd_SKP Securities Ltd

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