Malpani Pipes jumps on expanding product range
Malpani Pipes and Fittings is currently trading at Rs. 68.79, up by 3.14 points or 4.78% from its previous closing of Rs. 65.65 on the BSE.
The scrip opened at Rs. 65.65 and has touched a high and low of Rs. 68.93 and Rs. 65.65 respectively. So far 41600 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.00 on 04-Feb-2025 and a 52 week low of Rs. 65.65 on 14-Feb-2025.
Last one week high and low of the scrip stood at Rs. 82.31 and Rs. 65.65 respectively. The current market cap of the company is Rs. 74.15 crore.
Malpani Pipes and Fittings has expanded its operations with the introduction of a new line of PVC pipes and the installation of state-of-the-art production machinery for its existing products.
To enhance production capacity and streamline operations, the company has invested Rs 3.8 crore in state-of-the-art machinery. Which includes, one extruder production line for PVC pipes, adding a capacity of 1,800 Metric Tonnes Per Annum (MTPA), Two high-speed production lines for PE pipes (HDPE and MDPE), increasing total capacity by 3,600 MTPA, one fully automatic socketing machine for PVC pipes, enhancing precision and automation, one horizontal heating-cooling mixer model for PVC pipes, ensuring improved material processing and consistency.
With these investments, the company aims to boost efficiency, maintain superior product quality, and strengthen its market presence. This expansion reaffirms its vision of delivering high-quality piping solutions to meet the growing industry needs.
Malpani Pipes and Fittings, an ISO 9001:2015 certified company based in Ratlam, Madhya Pradesh, manufactures a range of high-grade plastic pipes. Its products include High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under the brand name ‘Volstar’.
