MoneyWorks4Me

Lanco Industries gets nod for Rs 325 crore capex plan

30 Jul 2014 Evaluate

Lanco Industries has received an approval for capex plan of Rs 325 crore to set up a Small Dia Pipe (SDP) Plant of 100,000 TPA for sizes ranging 100mm to 300mm dia with increased capacity of Blast Furnace and other facilities. The board of directors at its meeting held on July 28, 2014 has approved for the same.

Lanco Industries is engaged in the manufacturing of DI pipes, foundry and SG-grade pig iron and portland slag cement with DI pipes being the main product.

Peers
Company Name CMP
AIA Engineering 3920.55
Alicon Castalloy 729.70
Nelcast 118.55
PTC Industries 21791.30
Synergy Green Inds. 639.15
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