Hi-Tech Pipes commences commercial production at Sanand Unit-II Phase-1

Hi-Tech Pipes Limited (NSE: HITECH and BSE Scrip Code: 543411), a leader in the steel pipe industry, has announced the initiation of commercial production at its new facility, Sanand Unit-II Phase-1, located in Gujarat, with an impressive capacity of 170,000 metric tonnes (MT). This significant development is poised to bolster the company’s production capabilities, demonstrating its unwavering commitment to innovation and excellence in manufacturing high-quality steel products for a global clientele.

Strategically situated in Sanand, Gujarat, the state-of-the-art manufacturing unit is equipped with the latest in technology and innovation, ensuring operational efficiency and the highest standards of quality. The facility’s introduction is a strategic move by Hi-Tech Pipes Limited to revolutionize the steel pipes market, leveraging advanced machinery and the expertise of skilled professionals to meet the increasing demand for high-quality steel pipes across various sectors.

Ajay Kumar Bansal, the Chairman and Managing Director of Hi-Tech Pipes Ltd., expressed his enthusiasm about the new facility: “We are thrilled to announce the commencement of commercial production at our new steel pipes manufacturing unit. This state-of-the-art facility reflects our ongoing dedication to innovation and excellence in the steel Pipe industry. With its advanced technology and expert craftsmanship, we are well-positioned to meet the increasing demand for high-quality steel pipes across various sectors.”

The Sanand Unit-II Phase-1 project is specially designed for manufacturing high-end pipes for solar trackers and has received approval from some of the world’s largest solar tracker manufacturers. The forthcoming Phase-II will cater to the Oil and Gas sector with highly specialized surface coatings, aligning with the company’s vision to enhance the share of value-added products and improve overall margins.

Hi-Tech Pipes Limited, with nearly four decades of excellence, has cemented its position as one of India’s leading steel processing companies. The company boasts a strong product portfolio, including steel pipes, hollow sections, tubes, cold-rolled coils & strips, and various galvanized products. With six state-of-the-art integrated manufacturing facilities across India and a direct marketing presence in over 20 states, Hi-Tech Pipes Limited is well-equipped to meet the diverse needs of its customers, reinforcing its status as a pioneer in the steel industry.

This expansion not only signifies Hi-Tech Pipes Limited’s growth trajectory but also underscores the company’s role in shaping the future of the steel pipe industry with innovative solutions and sustainable practices.