dkishore
06-05-2008, 07:15 AM
Shares of Delhi-based pipe manufacturer Bihar Tubes are being accumulated by a section of traders. The buzz is that the company is looking at an acquisition and a greenfield expansion in Maharashtra. It had recently acquired Bangalore-based Shri Lakshmi Metal Udhyog, with a capacity of 35,000 mtpa.
This capacity will go upto 75,000 mtpa on investment of an additional Rs 20 crore. This will also help in saving transportation cost of about Rs 700/ton
This capacity will go upto 75,000 mtpa on investment of an additional Rs 20 crore. This will also help in saving transportation cost of about Rs 700/ton