Hi-Tech Pipes Ltd Share Price

History of Hi-Tech Pipes Ltd

Hi-Tech Pipes Limited, formerly known as Ram Lal Harbans Lal Limited was incorporated in 1985. The status was converted to Public Limited and the Company was renamed to Hi-Tech Pipes Limited in October, 1986. The Company serves Infrastructure, Constructions, Automobiles, Energy, Agriculture, Oil & Gas, Defense, Engineering& Telecom industries. It is a Multi Product company marking its presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures and a variety of other galvanised products. The end uses of these products are in high-rise buildings, metro stations, bridges, dams, refineries, telecom, airports, highways, power projects etc. The Company works with the objective of providing customer satisfaction through superior q ...uality products. From a turnover of US$ 1 million to US$ 100 million, it has transitioned and diversified the business from tubular segment to integrated cold rolling complexes and Continuous galvanizing. With five advanced manufacturing facilities strategically positioned at important customer hubs and near key raw material sources, it hold a dominant position in India's steel pipe industry. The Company provide a wide variety of innovative and value-added steel pipes and products, such as ERW black steel tubes, Square Hollow Section's, Rectangular Hollow Section's, Solar Torque Tubes, GI & GP pipes, Cold Rolled Coils and Strips, Galvanised plain and corrugated sheets, Colour coated coils and metal beam crash barriers and among others The Company commissioned the commercial production at its new state-of-the-art manufacturing facility of ERW steel pipes in Khopoli, Maharashtra, through its wholly owned subsidiary, i.e., HTL Ispat Private Limited in 2021, which is running an installed capacity of 80,000 MTPA. In 2022, it started commercial production of CGL (Continuous Galvanizing Line) and Galvanized Corrugated Roofing Sheets. In 2023, Company expanded the business at Sikandrabad facility by introducing a new GP/GC line. In 2023, the Company installed a new hot-dip galvanising facility at its Sikandarabad Plant. It started commercial production of Color Coated Coils at Sikendrabad (U.P.) facility with an Installed capacity of 50,000 MTPA . The Company has further added a Green field manufacturing facility at Sanand Unit 2, Phase I and laid the foundation for establishment of a greenfield manufacturing facility at Sikandrabad in FY24.