ZENOTECH LABORATORIES Share price

Sunline Tubes Limited was incorporated on 15th June 1989under the name MAA SHAKTI TUBE MILL PVT LTD under theCompanies Act 1956 and subsequently its name was changedto SUNLINE TUBES PRIVATE LIMITED and Central Government''sapproval obtained vide Letter No.RAP/TA-II/ 1022/Sec.21/92dated 1st day of April 1992. Later on the Company wasconverted into a Public Limited Company and a freshcertificate of incorporation was obtained on 25th August1993.The company was taken over by the present management in theyear 1992 in the very initial stages of the project. Fromthe year 1992 to the year 1994 the company was engaged indeveloping land drawing up plans for civil works engagingin the construction of factory premises and administrativeblock. Sourcing the suppliers for Plant and MachineryInvitation of tenders and placing of the orders for thesame Erection of Plant & Machinery and conducting trialproduction.One of the vital and core plant and machinery viz TubeWelder supplied by M/s Kirloskar Electric Co. LimitedMysore is the one of the few suppliers of this machinery.Since the machinery is not a standard one separate orderhas to be made for procuring the same. The time lag fromthe date of placing the order to commencement of trialproduction takes at least over 1 year. The other vitalplant viz Tube Mill is also a made to order item and has tobe procured from far off places in loose condition whichhas to be assembled in the factory for which the time takenis around 1 1/2 years.In view of the above the trial production could commenceonly in the month of November 1994.