Mukat Pipes Ltd share Price

Incorporated in 1987 as a closely-held company, Mukat Pipes was promoted by B S Ahuwalia and his two sons to manufacture Submerged Arc Welded(SAW) pipes. Initially, the company had facilities in Patiala to manufacture 5000 tpa of large diameter (ranging from 16 inches to 60 inches) SAW pipes upto 6 mtr in length and upto 20 mm thickness. Mukat Pipes entered the capital market by making a public issue in Jan.`93, to part-finance a Rs 16.9-cr expansion scheme to increase the installed capacity of SAW pipes from 5000 tpa to 20,000 tpa, to enable the company to produce pipes of greater diameters (upto 130 inches). Even though Mukat`s capacity (20,600 tpa) is small compared to that of SAW Pipes (2,50,000 tpa),the company had capacity of producing pipes of diameters ranging from 16 inches to 130 inches, whereas SAW Pipes is limited to pipes of diameters only upto 40 inches. The products are used in rigorous applications such as transportation of oil, gas, chemicals, slurry, water and sewage as well as transportation of solids using air or liquid propellants. They are also used for the erection of oil rig platforms. One of its units at Baramati completed the expansion project in 2002-03 and the production commenced in the same year.