Srikalahasthi Pipes has received its board’s approval for Capex of Rs 80 crore. Of which, the company will invest Rs 55 crore towards setting up of Ferro Alloys Plant, while Rs 25 crore will be invested in setting up of Double Walled Corrugated (DWC) plant.
The company’s board has also recommended a dividend of Rs 5 or 50% per share for the year ended March 31, 2016.
Srikalahasthi Pipes is engaged in the manufacturing of Ductile Iron pipes, pig iron and portland slag cement with DI pipes being the main product.
