SAMBHV STEEL TUBES LTD

Manufactures steel pipes and tubes including mild steel (MS) ERW pipes, structural pipes, stainless steel (SS) cold-rolled coils, and pre-galvanised coils and pipes. FY26 sales volume totalled 396,000 tons, up 37% year-on-year; Q1 FY27 sales volume was 1,07,771 tons, of which value-added products hit a record 1,01,191 tons, broken into structural pipes and tubes at 56,617 tons, pre-galvanised coils and pipes at 29,814 tons, and stainless steel coils at 14,760 tons. Stainless steel CR coil capacity was recently doubled from 58,000 to 1,16,000 TPA, and a greenfield 3,60,000 TPA stainless steel coil project at Kesda is targeted for Q4 FY27 commissioning, alongside an additional 1,50,000 TPA of ERW capacity via DFT. A 30 MW captive power plant at Sarora is under construction at ₹150 crore. The company has signed a PLI 1.2 MOU with the Ministry of Steel for thin-gauge SS CR coils (capped at ₹200 crore) and 10 co-branding MOUs for SS pipe manufacturing. End-use demand comes from solar projects, warehousing, metro expansion, railway redevelopment and airports. Raw materials, primarily steel coils and sponge iron, account for 72% of revenue.