Saturday, July 13, 2024

Hi-Tech Pipes sales volume in December jumps

BSE & NSE listed, Hi-Tech Pipes Ltd. one of the leading steel processing companies, engaged in the manufacturing of steel pipes, hollow sections, tubes, etc had reported a robust growth in sales volume year-on-year in the December quarter with 40 percent increase in sales volume at 91,232 thousand tonnes in the December quarter compared to 65,088 thousand tonnes in the previous years’ quarter.

It further announced that it has begun the commercial production of a color coating line in Sikandrabad in Uttar Pradesh having an installed capacity of 50,000 MTPA.

On the operational side, the company has highlighted the forward integration of its existing cold rolling and continuous galvanising line facility, which is a value-added product for the company and will increase the overall capacity utilisation of existing facilities.

Hi-Tech Pipes informed the bourses that its products are used in railways, airports, warehouses, industrial sheds, metros, and hilly areas, among others. For the September quarter, Hi-Tech Pipes reported a 30 percent jump in overall sales led by higher sales volume and better realisations.

The company has five state-of-the-art manufacturing units are spread across the states of Uttar Pradesh, Andhra Pradesh, Maharashtra and Gujarat.

Hi- Tech Pipes Ltd  has a state of art, ultra modern latest technology based R & D facilities with latest equipment which helps the company to manufacture world class products. Company has strengthened the quality of the products through prudent investments to improve  procedural discipline, acquire best-in-class certifications and implement mission-critical technologies. Its Prestigious clients include Ashok Leyland, Airtel,Adani,L& T Ltd,BHEL,etc.

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox