Lanco Industries Limited (LIL) was incorporated on November 1, 1991 by Lanco Group of Companies to manufacture Pig Iron using Korf (German) technology and Cement. The unit is located at Rachagunneri Village on Tirupathi - Srikalahasthi road which is about 30 kms. from Tirupathi and 10 kms. from Srikalahasthi. The installed capacity of Pig Iron was 90,000 TPA and with similar capacity 90,000 TPA for cement. The operation of the cement unit of the Company was suspended for various reasons and the unit was reengineered for producing a different product mix having potential in south India.
As a measure of forward integration project for adding value to the Pig Iron manufactured by the Company, LIL floated another company named Lanco Kalahasthi Castings Limited (LKCL) on March 4, 1997 to manufacture iron castings and spun pipes in the same campus of the Company with an annual capacity of 40,000 TPA and 35,700 TPA respectively. Accordingly, LIL had an arrangement with LKCL for supply of molten iron and Pig Iron to LKCL, being a value added product, as such iron pipes manufactured by LKCL offered better returns.
At a time when the Company was exploring financial and technical strategic alliance with Indian / Foreign Partner, Electrosteel Castings Limited was also looking for additional capacities for producing spun pipes. Considering the synergies involved, Lanco Industries Limited entered into a strategic alliance partnership during December 2002, with Electrosteel Castings Limited (ECL), Kolkata a leading manufacturer of CI, Pipes and DI pipes. This was win-win situation for both LIL and ECL. After takeover, a financial re-engineering and re-structuring of LIL was undertaken by ECL.
VisionWe aim to be world class, committed to customer satisfaction and to encourage the spirit of leadership amongst our dedicated team by creating a healthy environment for continuous growth, profit and prosperity.
Areas of Operation
Lanco is in the business of manufacturing pipes for conveying safe drinking water and other fluids for domestic and overseas markets.
For sustained growth we intend to venture into related businesses in the area of :