State-owned National Tubes returns to profit after three years

National Tubes Limited, the state-owned pipe manufacturer under the Bangladesh Steel and Engineering Corporation (BSEC), returned to profit in the fiscal 2019-20 after three years.

“National Tubes Limited has earned Taka 9.13 million till March 2019-20. Besides, it has paid Taka 70.1 million to the state exchequer in various sectors including VAT and tax,” reports BSS citing an industries ministry press release.

National Tubes Limited is the only state-owned pipe manufacturer in the country.

It produces international standard MS, GI and API pipes.

Its factory is producing world class MS and GI pipes for using in housing estate and irrigation.

The company has also been producing API grade steel pipes for the use in oil and gas transmission and ship piping under a license from the American Petroleum Institute (API).