Srikalahasthi Pipes beats slowdown, books Rs. 500-cr orders in six months

摘要

Recession or no recession, slowdown or no slowdown, people & crops need water and that has augured well for Srikalahasthi Pipes Ltd, which manufactures iron pipes for transporting water. Gauri Shankar Rathi, whole-time director of the company, told BusinessLine that the company booked orders worth Rs.500 crore in the last six months, from the Andhra Pradesh government’s multilateral agencies-funded projects.“Business is very good,” Rathi said, pointing out that the company was in the process of expanding capacity from 3 lakh tonnes a year to 5 lakh tonnes a year, a whopping 66%.