Hi-Tech Pipes Hits 1 Million Tonne Capacity Milestone as Commercial Production Commences at Unit-III Greenfield Facility

On Monday, shares of Hi-Tech Pipes Ltd jumped 6.80 per cent to Rs 86.27 per share from their previous closing of Rs 80.79 per share. The stock’s 52-week high is Rs 132.70 per share and its 52-week low is Rs 70.90 per share. The company has a market cap of over Rs 1,700 crore. The stock is up by 22 per cent from its 52-week low of Rs 81.56 per share.

Hi-Tech Pipes Limited has officially commenced commercial production at its new Greenfield manufacturing facility in Sikandrabad, Uttar Pradesh. This strategic expansion adds 120,000 tonnes per annum (mtpa) of capacity, specifically focused on ERW pipes and hollow sections. By establishing this hub in North India, the company aims to reduce Logistics costs and improve delivery speeds for key sectors including infrastructure, water distribution, and Construction.

The commissioning of the Sikandrabad plant marks a major corporate milestone, bringing the company’s total installed capacity to 1 million tonnes. This achievement is the result of disciplined capital allocation and recent expansions across multiple locations. The new facility is equipped with modern technology designed to enhance operating leverage and improve EBITDA per ton, supporting the company's broader goal of increasing profitability through value-added steel products.

Looking ahead, Hi-Tech Pipes is already transitioning into its next growth phase, with a roadmap to double its capacity by adding another 1 million tonnes over the medium term. The company remains optimistic about the future, citing a positive domestic demand outlook driven by urbanisation and infrastructure development. Additionally, favourable international trade pacts are expected to bolster export competitiveness and provide greater access to global markets.

About the Company

One of India’s leading steel processing companies, providing world-class innovative products for nearly four decades with a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, Solar mounting structures, GP/ GC Sheets, Colour Coated Coils and a variety of other galvanised products. The Company operates eight (8) state-of-the-art integrated manufacturing facilities located at Sikandrabad (UP), Sanand (Gujarat), Hindupur (AP) - near Bangalore, Khopoli (Maharashtra), and Jammu (J&K), with an installed capacity of 10,50,000 MTPA, on a consolidated basis. The Company has direct marketing presence in over 20 states with more than 550+ Dealers & distributors across India.

Disclaimer: The article is for informational purposes only and not investment advice.