The Indian Seamless Metal Tubes Limited (ISMT) was promoted in 1977 by a group of technocrats to produce specialized seamless tubes in India. Beginning with an installed capacity of 15,000 metric tons per annum, ISMT commenced production in 1980 with the installation and commissioning of an Assel mill in technical collaboration with Mannesman Demag Meer of Germany.
Subsequently, in 1990 the production capacity was raised to 50,000 metric tons per annum with the addition of a second Assel Mill. In 1995, the Indian Seamless Metal Tubes Limited promoted another company, Indian Seamless Steels and Alloys Ltd. (ISSAL), to produce alloy Steel, the raw material used in the manufacture of seamless tubes, giving ISMT better control over product quality as well as deliveries.
Business area of the company
ISMT is predominantly engaged in the manufacturing of specialty alloy and bearing Steel. The end user segments are largely Bearing, Automotive, Engineering and Forging Customers apart from some customers requiring steel for specialized application. The fortunes of the specialty and alloy steel products is closely linked to automotive and auto component industry.
Milestones
- 1977: Indian Seamless Metal Tubes was incorporated.
- 1980: The company started commercial production of specialized seamless tubes.
- 1988: Taneja Aerospace & Aviation was incorporated.
- 1989: Indian Seamless Steels & Alloys was incorporated.
- 1994: Taneja Aerospace & Aviation received its first certification of airworthy flight/ commercial production. Indian Seamless Steels & Alloys started its commercial production.
- 1999: Kalyani Seamless Tubes was merged with Indian Seamless Metal Tubes.
- 2005: Indian Seamless Metal Tubes and Indian Seamless Steels and Alloys Ltd were merged to form ‘ISMT’.
- 2007: ISMT acquired a 100% stake in Structo Hydraulic AB, Sweden.
- 2022: ISMT acquired by Kirloskar Ferrous Industries Limited.