You are here » Home » Companies » Company Overview » Zenith Steel Pipes & Industries Ltd

Zenith Steel Pipes & Industries Ltd.

BSE: 531845 Sector: Metals & Mining
NSE: ZENITHSTL ISIN Code: INE318D01020
BSE 00:00 | 29 Nov 1.41 0
(0.00%)
OPEN

1.30

HIGH

1.41

LOW

1.29

NSE 00:00 | 29 Nov 1.20 0
(0.00%)
OPEN

1.15

HIGH

1.20

LOW

1.15

OPEN 1.30
PREVIOUS CLOSE 1.41
VOLUME 52426
52-Week high 1.52
52-Week low 0.56
P/E
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.30
CLOSE 1.41
VOLUME 52426
52-Week high 1.52
52-Week low 0.56
P/E
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Zenith Steel Pipes & Industries Ltd. (ZENITHSTL) - Company History

Zenith Birla (India) Ltd is a leading manufacturer of Steel Pipes in India. The company is engaged in manufacturing black welded and galvanized steel pipes and cutting tools. They operate in two divisions namely pipes division at Khopoli and tools division at Nasik and Aurangabad. The tool division of the company is engaged in manufacturing HSS cutting tools and is focused towards the auto/engineering segment. The company's subsidiaries include Zenith (USA) Inc. and Zenith Middle East FZE.Zenith Birla (India) Ltd was incorporated on August 5 1960 with the name Zenith Steel Pipes Ltd. The company was established with the main object to manufacture black welded and galvanized steel pipes and was promoted by house of Birla. Also they came out with their first public issue of equity share during the year.In the year 1961 the company started factory at Khopoli for Pipe Manufacturing and in the year 1992 they commenced commercial production at Khopoli. In the year 1968 they started Rolls & Shears Division (RSD)/ Tool Mfg. Division (TMD). In the year 1974 they started special steel division at Khopoli.Till 1971 the company was manufacturing Steel Pipes by medium frequency electric resistance contact welding process. Thereafter the manufacturing process was converted to the latest technology of High Frequency Induction Welding (HFIW) process. In October 31 1975 the company changed their name from Zenith Steel Pipes Ltd to Zenith Steel Pipes & Industries Ltd.In the year 1980 the company started chemical division at Boisar for manufacturing dye intermediates. In the year 1981 they incorporated a joint venture PT South Pacific Viscose in Indonesia. In the year 1981 the company started paper plant at Banah in Punjab. In the year 1982 Indian Tool Manufacturers Ltd was amalgamated with the company and the textile division of Indian Tool Manufacturers Ltd became a division of the company. Also Avit Overseas Corporation New York a subsidiary of Indian Tool Manufacturers Ltd became a subsidiary of the company. In January 28 1986 the company changed their name from Zenith Steel Pipes & Industries Ltd to Zenith Ltd. In the year 1989 the company created a new division namely Zenith International for exports. During the year 1994-95 the company sold their paper division to Shreyans Industries Ltd. In the year 1996 they sold their special steel division to Isibars Ltd.In the year 2002 the company formed three new subsidiaries namely Valueworth Trade Pvt Ltd Zenith Dyeintermediates Ltd and Khamgaon Syntex India Ltd. In November 2004 the chemical division of the company was hived off and sold to Nipur Chemicals Ltd and in the year 2005 they transferred the textile division to Khamgaon Syntex India Ltd. In October 18 2005 the company changed their name from Zenith Ltd to Zenith Birla (India) Ltd.During the year 2006-07 the company came out with a follow-on public offer for 23818182 equity shares of Rs 10 each at issue price of Rs 55 per share aggregating to Rs 131 crore to part finance the expansion project. Also the shares of the company were listed on the National Stock Exchange with effect from April 30 2007.During the year 2009-10 as per the scheme of arrangement the tooling business of the company was de-merged from the company and merged with Birla Precision Technologies Ltd. Also Tungabhadra Holdings Pvt Ltd was amalgamated with the company. The company expanded the production capacity of Steel Pipes from 120000 tonnes to 210000 tonnes.The company is setting up a manufacturing unit for manufacturing of large diameter spiral SAW pipes. For the said project the company is importing a mobile spiral mill from Australia capable of producing pipes with the diameter of about 18 inches to 100 inches.

.