You are here » Home » Companies » Company Overview » Choksi Tubes Company Ltd

Choksi Tubes Company Ltd.

BSE: 513240 Sector: Metals & Mining
NSE: CHOKSITUBE ISIN Code: INE661C01017
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty

Choksi Tubes Company Ltd. (CHOKSITUBE) - Company History

Promoted by H H Choksi in 1972 as a private limited company, Choksi Tubes Company (CTCL) is a leading producer of stainless steel seamless tubes in the country. It became a public limited company in 1978. Harshad Choksi is the chairman and managing director of the company. CTCL manufactures seamless tubes through the extrusion method. It also manufactures capillary tubes. The company's manufacturing unit is located at the GIDC Industrial Estate, Vatva, Ahmedabad. It manufactures 960 tpa of different types of stainless steel tubes such as the welded, capillary and seamless types in collaboration with Mannesmann Demag, Germany. In Apr.'91, CTCL came out with a rights issue of 10.66 lac 14% PCDs of Rs 100 each, aggregating Rs 10.66 cr. The proceeds of the issue were utilised to part-finance the setting up of additional cold-finishing facilities at its existing plant in Rajpur, Gujarat at an estimated cost of Rs 5 cr and also to augment the long-term resources of the company. Stainless steel pipes are mainly used in refineries and the petrochemical, fertiliser and dairy industries. Mannesmann Handel, a major European trading giant, has signed an MoU with Choksi Tubes, to source its stainless steel tube requirements from the latter. The company has floated a new company, Sandvik Choksi Ltd, in joint-venture with Sandvik AB Sweden has 51% shares holding and CHoksi Tubes having 49% share holding. This new JVC now owns & operates the Extructed Tube Plant. The JVC has received its ISO 9002 status. The JVC's products are now of the same high quality as produced by similar Sandvik Plants overseas. Company's new Heat Exchanger Tubes plant manufactures of high precision Heat Exchanger Tube in extra long straight Length up to 30-35 Mtrs. Choksi Tube is only producer in India to product such long lenth & Coils. Company has executed order from L&T LTd for 23 Mtrs length. Company also executed orders for Bandel and Annapara Thermal Power Projects through M/s BHEL for Heat Exchanger tubes in length of 16-18 Mtrs to be used for Feed Water Heater. Greenfield investments in the domestic sector failed to take off,with indication also being given by the Government that new fertiliser/petro-chemical capacity may not be added for the next few years. However,the successful penetration of the company in the power plant segment proved to be beneficial,as the company was able to supply significant quantities of feed water heater tubes for various power projects within the country,during 2000-01. The company underwent a recertification of it's ISO 9002 status and was successful in getting the same from Bureau Veritas Quality International(BVQI).

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard