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History of Thapar Concast Ltd.

Thapar Concast limited [TCLs] was incorporated on 13th November, 1990 with Registrar of Companies, Punjab, H.P. & Chandigarh at Jalandhar City. The Comp. received the certificate of commence ment of business on 7th December, 1990. TCL is an existing profit making Comp. presently engaged in manufacturing of H.R.Steel Strips & G.I. Steel Tube & Pipes & trading of Steel Goods. TCL has started commercial production at its two units ahead of schedule. TCL is also exporting Rice to Middle East Countries and U.K..[TCLs] is a part of Lala Om Parkash Thapar Group of Ludhiana. Besides TCL the following are other listed companies of group.

Thapar Ispat Limited

Thapar Exports Limited

Thapar Finance Limited

Thapar Oil and Fats Ltd.,

TCL, planned to set up [1s] an integrated G.I. Steel Tube & Pipe Plant consisting of as] an Induction Furnace with an annual installed capacity of 19200 MT, bs] A Hot Rolled Steel Strips Unit with an annual installed capacity of 24000 MT, cs] A G. I. Tube Plant for manufacturing of G.I. Tubes and Pipes of different sizes with an annual installed capacity of 34000 MT & [2s] A Structural Steel Rolling Mill with an annual installed capacity of 30000 MT. Out of the aforesaid projects, the Comp. has already implemented the projects by installing as] Hot Rolled Steel Strips Unit bs] G.I. Tube Plant, against the funds contributed by the promoters in the Equity Capital of Company. The other projects are at an advanced stage of implementation.

Steel tube industry has a licensed capacity of about 3.5 Million Tons at present with equal installed capacity. The industry has been operating at 35% capacity utilisation due to inadequate supply of raw material. As a measure of liberalised policies the availability of raw materials has improved resulting in improved capacity utilisation. The present production of Steel Pipes and Tubes is about 1 Million Tonnes to 1.5 Million Tonnes. The demand for Steel Tubes and Pipes is related to various schemes drawn up by the Govt of India for potable water in villages, setting of tubewells for irrigation purposes, housing & other allied activities. With the liberalisation of various policies and easy availability of raw materials the steel tube industry is poised for expansion in domestic as well as export markets.