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History of Rajasthan Tube Manufacturing Comp. Ltd.

Rajasthan Tube Manufacturing Comp. Limited [RTMCLs] was incorporated on 29th day of July, 1985 with the Registrar of Companies, Jaipur Rajasthan & obtained the certificate of Commencement of Business on 22nd January 1986. The Comp. commenced operations in 1988-89 with an object to manufacture 80 mm to 200 mm dia ERW Black Steel Tubes. The Comp. also installed a small tube mill for better utilisation of HR Coils and to reduce the wastage of same.

Today, RTMCL has emerged as one of leading companies in steel tube industry manufacturing ERW steel pipes ranging dia 15mm to 200 mm in Rajasthan. The tubes manufactured by Comp. are being sold under the brand name RTL & are well accepted in the market.

The Comp. belongs to Steel Tubes/Pipes Industry & commenced commercial production in Oct.1988. Initially the Company manufactured only EPW Black pipes ranging dia 80mm to 200mm. Thereafter, to reduce the wastage of H.P. Coils, the Company installed a Small Tube Mill to produce EPW Black pipes ranging dia 15mm to 75mm for better utilisation of resulting side cutting of H.P. Coil in the manufacturing of pipes dia 80mm to 200mm.

The Company product EPW Black pipes find extensive application in agriculture [for minor irrigation projects], water supply. urban development, steel fabrication & for conveying various fluids in industries like petrochemicals, fertilizers, oil, natural gas etc. [Source: Investment Week Vol.3 No.43 Oct.25-31,1993s]

The Comp. has been selling its major production in Rajasthan because of better price realisation on Acc. of sales tax exemption & lower transportation cost.

The total market for steel and tubes is estimated to Rs.2000 Crores of which 70% is catered by organised sector & the balance from unorganised sector. TISCO with market share of 18% is on the top of the list. The industry at present facing under utilisation of capacity because of shortage of H.R.Coil, its main raw material, as a result the capacity utilisation is below 40% [Source : Dalal Street Vol IX No. 14 July 24, 1994s]. To meet the shortfall in the domestic demand of H. P.Coils, about 18 Lacs MT of H. P. Coils is expected to be added during the current year [Source Investment Week Oct 3-9,1994s]

According to the report of Industrial Development Deptt., Ministry of Industry, the demand of steel pipes is expected to go up to 18.60 lacs M.T. in 1995 & even higher to 29.00 Lacs M.T. by year 2000 [Source Investment Week Vol.3 No. 43 Oct 25-31.1993s]

The critical aspect of steel tube/pipe industry has been the availability of H.R. Coils which is basic raw material. Since the availability of H.R. Coil expected to increase as mentioned elsewhere in the prospectus. In view of above the company has immense growth potential looking to its existing capacities.