ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Motherson Sumi Systems

Ratnamani Metals and Tubes RATNAMANI METALS AND TUBES, an existing profit-making, dividend paying company, has drawn up a capital expenditure scheme principally for enhancing margins of operations by incorporating in the manufacturing process newer technology for the manufacture of its products, namely, stainless steel seamless and welded pipes and tubes, the installed capacity being 3,000 MT per annum. To achieve this, the company is importing sparingly-used Pilger mills from Germany to be supplied by Intertech GmbH. Pilger mills do not require front end of the tube to be swaged as the roll profile itself can accommodate high diameter front end and slowly reduce the cross-section through the reciprocating mechanism of the Pilger mill and the tube gets cold drawn. Through the proposed technology upgradation at a total capital outlay of Rs 657.16 lakh, the company envisages a substantial increase in its productivity at a lower production cost. To part finance the project, the company is entering the capital market with a public issue of 8,59,600 equity shares of Rs 10 each at a premium of Rs 50 per share aggregating Rs 515.76 lakh. The projected sales (with PAT in brackets) in rupees lakh for 1992-93, (311.81) respectively. The issue, which

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