Hi-Tech Pipes Commences Commercial Production at Sanand, Gujarat - Unit II - Phase II

Hi-Tech Pipes Limited, one of India's leading manufacturers of steel tubes, hollow sections and value-added steel products, is pleased to announce the commencement of commercial production at its Sanand Unit II - Phase II (Gujarat) brownfield expansion.

With this commissioning, the Company further strengthens its manufacturing footprint in Western India and enhances its capacity to cater to high-growth and high-demand industrial segments.

Commenting on the performance, Mr. Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes Ltd. "The commencement of commercial production at our Sanand Unit II - Phase II marks an important milestone in strengthening our Western India presence. This brownfield expansion enhances our capabilities in large-diameter ERW pipes and jumbo hollow sections-product categories witnessing strong structural demand.

The Sanand facility has been developed with modern technologies and improved operational efficiencies, enabling us to serve customers in solar, fabrication, engineering and infrastructure sectors more effectively and competitively. This commissioning reflects our commitment to expanding our manufacturing footprint, deepening our value-added product portfolio, and building a future-ready steel products ecosystem."

Shares of Hi-Tech Pipes Limited was last trading in BSE at Rs. 167.15 as compared to the previous close of Rs. 167.65. The total number of shares traded during the day was 64656 in over 1802 trades.

The stock hit an intraday high of Rs. 168.25 and intraday low of 166.00. The net turnover during the day was Rs. 10797193.00.

Source : Equity Bulls

Keywords

HiTechPipes INE106T01017 CommercialProduction Sanand Gujarat Unit2 Phase2