Lanco Industries is planning to add smaller dia ductile iron pipes (SDP) to its existing range of products at a cost of Rs 325 crore. The company will produce 100,000 tonnes of SDP a year.
The company had reported a 267 per cent rise in net profit at Rs 12.84 crore for the first quarter of the current financial year compared with Rs 3.5 crore accrued in the same quarter previous year. The increase profit has been attributed to enhanced sales of its flagship product, ductile iron pipe.
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.
