Hi-Tech Pipe aims for 1 mn tonnes capacity by FY25
Hi-Tech Pipes Limited (HTPL), manufacturer and supplier in the piping industry, has announced the commissioning and successful trial production of its Greenfield project at Sanand Unit II (Phase 1), Gujarat which adds a capacity of 170,000 tonnes. This strategic expansion will help the company in its journey towards achieving a capacity of 1 million tonnes. “Besides, the company has now embarked upon two new greenfield projects at Sikandrabad (U.P.) unit-III and Sanand Unit-II (Phase 2) adding 150,000 tonnes (by Q3FY25) and tonnes (by Q4FY25) respectively. This will catapult our total capacity to 1 million tonnes by end of FY25,” said Ajay Kumar Bansal, Chairman & Managing Director, Hi-Tech Pipes Limited. “These units will further open up the opportunity for the company to tap domestic & worldwide market including Middle East, Europe, USA and other western countries for Small Dia and Large Dia International Standards. Proximity of raw material suppliers viz. Arcelor Mittal / Nippon Steel (AM/NS INDIA to ensure consistent delivery & service to its customers.”
📅Published on:
27 February 2024
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