The global steel pipes & tubes market size was valued at USD 129.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% and reach USD 231.1 billion by 2027. Increasing oil & gas production owing to the demand from the transportation industry is one of the prominent growth drivers for the market.
The Oil & Gas, Power Sector & Process Chemical Plants are amongst major consumers for steel pipes & tubes. They are generally manufactured using low alloy or carbon steel.
Anand Seamless Tubes Private Limited (ASTPL) is a leading manufacturer of various types of Cold Drawn Carbon Steel and Alloy Steel Seamless Tubes, Finned Tubes, Heat Exchanger Tubes, and U tubes since 2006.
The company offers the flexibility and ease to the end-user of getting the Plain Tubes and Finned Tubes both from one single source thereby providing a one-stop solution and hassle-free supply. This integration helps in giving the best and timely service to the various clients.
The Heat Exchanger Tubes as the name suggests, finds application in all the industries where heat exchange is necessary. The tubes are being used in all sorts of power generating industries such as cold fired thermal power plants, nuclear power plants, or any other different type of power-producing units. It requires steam or any hot medium to generate power.
In such scenario, the tubes are used in several chemical industries, petrochemical refineries & petrochemical production units, fertilizer manufacturing units. More so, the company has a different product in which it offers solutions to the automotive industry as well as the agricultural industry.
Each product manufactured is customized according to the requirements of the client. The
customization involves different types of quality checks of the material of construction, Finning material and dimensions.
The tube manufacturing industry is very technical and is mostly driven by the quality and approvals of applications. ASTPL is supplying a wide range of products to companies like Indian Oil Corporation, Reliance Industries, BPCL, HPCL etc., while also conducting audits to check the quality and technical capability.
Whenever a customer shows interest in the products, the primary indication of the capability is driven by the approvals and the certifications of ASTPL. In India, the major approval for refinery companies is known as Engineer India Limited, while the Indian boiler regulation takes care of the power sector. ASTPL is one of the youngest companies to get approval from both, Engineers India limited and Indian boiler regulation.
“Presently, in India and probably in Asia, we are the only company who are producing tubes, as well as the finned tubes under the same roof. Finned tubes is a kind of forward integration and none of the finned tube manufacturers in India can produce all finned tubes under one roof. We are producing all finned tubes under one roof, including our raw material”, signifies Kedar Choksi, CEO at ASTPL.
Presently, in India and probably in Asia, we are the only company who are producing tubes, as well as the finned tubes under the same roof
Enhanced Capabilities and Initiatives with Passion
ASTPL was established in 2006 and started with a pilot project of 40 tons production capacity per month with one single product heat exchanger tube. As the industry is largely governed by the quality requirements, the company in the initial two years kept on improving the quality based on the pilot project. Based on the clients’ feedback and approvals received, the promoters set their vision to expand into this business.
The growth journey has been excellent for ASTPL in the last 3 years. Company has been consistently growing with a CAGR of 22%. The company today enjoys a large customer base of more than 500 domestic and international customers with presence across all Indian regions and more than 15 countries worldwide.
Today, in India, the entire organized manufacturing sector of Pipe & Tubes includes approx 80 manufacturers. It is a matter of pride that from the quality and product range perspective, ASTPL figures in top 5 manufacturers. Currently, ASTPL’s immediate expansion includes the capacity in terms of improving the quality of all the product ranges as well as quantity production. This expansion will be completed by the end of first quarter of the new financial year.
Going forward on the timeframe of almost five years, the firm aspires to grow almost five times the current revenue. “Presently, we are moving from a being a family-run company towards a professional company. We have hired professionals & experts who are setting a progressive and professional environment. To supplement this culture and growth, we are investing in certain automation, implementing ERP, and more. We are further planning to broaden our solution under one roof to the clients”, concludes Kedar Choksi.