Comments
Astral Poly Technik Ltd is planning to venture into bendable multilayered chlorinated polyvinyl chloride (CPVC) piping system for gas distribution industry or city gas distribution (CGD) sector in India.
The BSE-listed Astral is in the process to obtain certificate from the Bureau of Indian Standards (BIS) for its FlowGuard Bendable Multilayer pipes, which would be used in the gas distribution.
“We are in the process to get the BIS certificate for the Bendable multilayered pipe. The technology for installation and maintenance is different from the present metal pipes used in the gas distribution. It may take around 3-4 years to be able to pass through the stringent norms of BIS,” said Sandeep Engineer, Managing Director, Astral Poly Technik.
The company has manufactured FlowGuard Bendable Multilayer pipe for global buyers for hot and cold water distribution system.
Astral has already received the BIS certification for its CPVC BlazeMaster Fire Sprinkler system. The company will invest around Rs 25-30 crore on the system.
"We are the first company to provide BIS certified CPVC fire sprinkler systems. The pipes will be manufactured at the company’s existing CPVC manufacturing facilities, we would still require to increasing our capacity,” Engineer said.
The Indian pipes market is predominantly controlled by metallic pipes for fire sprinkler system. The CPVC fire sprinkler system would overcome the challenges of corrosion, scaling and rusting in metal pipes.
Company will market its fire sprinkler systems under the brand name of BlazeMaster CPVC pipe and fittings.
For the fiscal 2013, the company has registered a total turnover of Rs 821 crore with a net profit of Rs 59.5 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.