Hi-Tech Pipes got a ₹105 crore contract for ERW steel pipes in the renewable energy sector. The project will be operated from its advanced Sanand Unit-II facility. The company expects to raise ₹ 600 crore through equity issues.

Hi-Tech Pipes, a well-known manufacturer of steel tubes and pipes, has achieved a key milestone by winning a ₹ 105 crore contract from customers in the renewable energy sector. This large project will be carried out from the company’s cutting-edge facility at Sanand Unit-II in Gujarat, which is outfitted with superior technology to satisfy the needs of modern infrastructure.

The deal, which focuses on supplying electric resistance welded (ERW) steel pipes, demonstrates Hi-Tech Pipes’ critical role in supporting renewable energy projects. The supply orders, worth ₹ 105 crore, are expected to be completed within the next three months, demonstrating the company’s capacity to provide high-quality items on tight deadlines.

Hi-Tech Pipes maintains six integrated manufacturing plants in India, including Sikandrabad (UP), Sanand (Gujarat), Hindupur (near Bangalore), and Khopoli (Maharashtra). These factories manufacture a wide variety of products, including steel pipes, hollow sections, tubes, cold-rolled coils, strips, and galvanised items.

In addition to landing this significant contract, Hi-Tech Pipes has announced plans to fund up to ₹ 600 crore through the issue of equity. This move is part of the company’s ambition to boost its position and expertise in the rapidly expanding renewable energy sector.

For more information, visit: https://hitechpipes.in/