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Our Company proposes to utilize the Net Proceeds raised through the Issue for the following objects:1. Financing the project cost towards capacity expansion, technological upgradation, cost optimization of our operations and support to the manufacturing facility and backward integration for manufacturing of hollow pipes 2. To meet long-term working capital requirements and3. General corporate purposes, subject to the applicable laws
We are one of the growing stainless steel pipes and tubes manufacturer and exporter in India having over sixyears of experience in manufacturing of stainless steel tubular products in two broad categories: (i) seamlesstubes/pipes; and (ii) welded tubes/pipes, under which we are currently manufacturing five product lines, namely,(i) stainless steel high precision & heat exchanger tubes; (ii) sta...