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Hi-Tech Pipes Ltd. ( (IN:HITECH) ) has shared an announcement.
Hi-Tech Pipes Limited has commenced commercial production at its new greenfield manufacturing facility at Sikandrabad Unit-III in Uttar Pradesh. The strategically located plant strengthens the company’s presence in North and Central India by improving proximity to major consumption centers, cutting logistics costs, and enabling faster service to core customer sectors.
With this commissioning, along with recently added capacities at other locations, the company has reached a milestone of 1 million tons in annual installed capacity. The Sikandrabad facility contributes 120,000 mtpa focused on ERW pipes and hollow sections and is equipped with modern technology to boost quality, operational flexibility, and regional balance.
The new unit is central to Hi-Tech Pipes’ strategy of enhancing profitability, margin resilience, and service levels through better operating efficiencies. The company is also moving into its next expansion phase, planning to add another 1 million tons of capacity over the medium term to build a robust, pan-India and globally competitive manufacturing platform.
More about Hi-Tech Pipes Ltd.
Hi-Tech Pipes Limited is one of India’s leading manufacturers of steel tubes, hollow sections, and value-added steel products. The company serves key demand segments such as infrastructure, construction, water distribution, fabrication, and various industrial applications, with a growing manufacturing footprint across North and Central India.
Average Trading Volume: 55,531
Technical Sentiment Signal: Sell
Current Market Cap: 16.41B INR
Find detailed analytics on HITECH stock on TipRanks’ Stock Analysis page.