Tamilnadu Steel Tubes Ltd

Tamilnadu Steel Tubes Ltd

Incorporated on July 13 1979 as a private limited company Tamilnadu Steel Tubes became a deemed public limited company on 1 Apr.'82 and was converted into a public limited company on 15 Oct.'86. The company was promoted under the leadership of Rakesh Goyal as its Managing Director to manufacture and deal in pipes and tubes such as electric resistance welded black pipes galvanised pipes precision pipes scrap zinc and metal etc.The capacity of pipes and tubes were increased from 25000 TPA to 35000 TPA for this the company went into maiden public issue to extent of Rs.248 lacs in 1994. In 1995 the company expanded the activities towards manufacturing of other standard pipes. It also entered into generation of energy through windmill for captive consumption and other uses.During 1999-2000 the compnay became sick company as per the Sick Industrial Companies Act and the directors have initiated steps to determine the measures to be adopted. After hearing the case BIFR has appointed Indian Bank as the operating agency.