Steel Pipe

Welspun Corp share gains as unit bags order of Rs 130 crore for steel pipes

Welspun Corp share rose after the company announced that its associate company EPIC has inked a deal worth Rs 130 crore for manufacturing, supply of steel pipes and coating

Steel pipes manufacturer JTL Industries' sales grow 54% in Apr-Sept

Steel pipes manufacturer JTL Industries has posted 54.66 per cent growth in sales at 1.59 lakh tonne (LT) for April-September period of the ongoing fiscal year. The company has also registered 56.78 per cent rise in sales volumes at 81,686 tonne in July-September, JTL Industries said in a regulatory filing. The firm attributed the surge in sales numbers to robust demand for structural steel tubes and pipes in both domestic and international markets. While sales in the first half of FY23 was 1.02 lakh tonne, sales in the second quarter of that fiscal was 52,101 tonne, the filing said. Sales of value-added products rose to 60,708 tonne in H1 FY24 from 40,221 tonne in H1 FY23. "This quarter we recorded our highest ever quarterly sale volume over Q2 FY23 period reflecting the continued patronage from our domestic and international clients. We also achieved a significant milestone by recording our highest-ever H1 sales volume demonstrating a robust growth rate. Our international sales

Surya Roshni Q3 net up over two-fold to Rs 89.6 cr; revenue at Rs 2,021 cr

Total expenses were at Rs 1,899.51 crore, down 3.91 per cent in the December quarter of 2022-23 compared to the year-ago period

Hariom Pipe hits new high, up 9% on acquiring operating assets of RP Metal

The stock has zoomed 146 per cent from its issue price of Rs 153 per share, post its market debut on April 13, 2022.

Stock of this SS pipes producer has zoomed 100% against its issue price

With Wednesday's gain, the stock of Venus Pipes has zoomed nearly 100 per cent against its issue price of Rs 326 per share

Welspun Corp associate company bags Rs 689-cr steel pipe order in Saudi

Welspun Corp on Thursday said its associate company, East Pipes Integrated Company for Industry, has received an order of 324 million Saudi Riyal (around Rs 689 crore)

Industrialist Swraj Paul's company to build large steel pipe mill In Texas

Bull Moose Tube, a subsidiary of the London-headquartered Caparo group, has announced plans to build a 350,000 tonnes per year high speed steel and sprinkler pipe mill in Texas

Decline in steel price to lift profit margins of pipe manufacturers

A report from Edelweiss Research suggests 20-25% decline in the prices of hot rolled coil (HRC) and steel raw materials

Steel pipe makers to gain as city gas distribution licenses favour welders

A Crisil report says CGD orders will need at least 10,000-15,000 km a year of pipes through fiscal 2029, entailing an opportunity of over Rs 5,000 cr a year over 10 years

Shares of steel pipe makers outperform markets by over seven times

After bottoming out in November 2016, the share price of steel pipe manufacturing companies outpaced the benchmark Sensex and Nifty by over seven times due to sudden spurt in the products' demand from gas and water sectors.While Sensex and Nifty have gained 19 per cent growth since November 9 when the share price of leading steel pipes manufacturers - Man Industries and Welspun Corp - had hit 52-week low, these individual stocks have gained by 135 per cent and 140 per cent respectively during this period. Trading currently at Rs 93.40 apiece and Rs 130.65 apiece, the share price of Man Industries and Welspun Corp has witnessed a marginal profit booking from its 52-week high of Rs 98.80 apiece and Rs 134.45 apiece on July 18 and July 25 respectively.Another stock in this segment - Jindal Saw - also followed suit with its share price hitting the bottom on September 2, '16 before bouncing back to hit 52-week high to Rs 100.90 apiece in intraday trade on Monday before settling down to Rs .