Udaipur : Hi-Tech Pipes Ltd., one of the leading steel tubes and pipes manufacturers in India, is excited to announce the successful procurement of orders for supplying ERW Steel Pipes, totaling of Rs.105 (Inclusive of GST) crores from key customers in the renewable energy sector. These significant contracts reflect the growing demand for sustainable energy solutions and underscore the company’s commitment to supporting this vital industry.
The orders will be executed from the company’s New state-of-the-art manufacturing facility located in Sanand Unit II Phase I, over the next three months. This new facility, equipped with cutting-edge technology and efficient production processes, is poised to deliver high-quality steel pipes that meet the rigorous standards of the renewable energy sector.
Commenting on the occasion, Mr. Ajay Kumar Bansal, Chairman, Hi-Tech Pipes Ltd, said “We are thrilled to be chosen as a preferred supplier of ERW Steel pipes for such a pivotal sector. Our Sanand unit represents a major investment in both our capabilities and our commitment to sustainability. These contracts not only demonstrate the confidence our clients place in us but also highlight our role in advancing renewable energy infrastructure.”
The steel pipes will be utilized in various applications within the renewable energy sector, including wind farms, solar installations, and other green energy projects. Hi-Tech Pipes is dedicated to providing products that not only meet but exceed industry standards, ensuring durability and performance in the most demanding environments.
With this new contract, we continue to strengthen our position as a leader in the steel pipes manufacturing industry and a key player in the transition to renewable energy.”
Recently, the company announced stellar earning for quarter ended 30 June 2024. For Q1FY25, Revenue from operations increased by 35% to Rs.866.98 Cr. as compared to Rs. 642.16 Cr. in Q1FY24. PAT increase by 125% to Rs. 18.05Cr. as compared to Rs. 8.02 Cr. in Q1FY24, mainly on account of increase in sales realization and contribution of vale added share. Total sales volumes is of 1,22,155. tonnes in Q1FY25 as compared to 84489 tonnes in Q1FY24. an increase of 45% YOY. EBIDTA increased by101 % to Rs. 42.69Cr. in Q1FY25 as compared to Rs21.19 Cr.in Q1FY24. EBIDTA/ton at Rs.3494 in Q1FY25 vs. Rs.2508in Q1FY24 increased by 31 % YoY. 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, Color Coated Coils and a variety of other galvanised products. The Company operates Six (6) state-of-the-art integrated manufacturing facilities located at Sikandrabad (UP), Sanand (Gujarat), Hindupur (AP) – near Bangalore, and Khopoli (Maharashtra), with an installed capacity of 7,50,000 MTPA, on a consolidated basis and is on its way to reach 1 million Tones Capacity in FY25. The Company has direct marketing presence in over 20 states with more than 450+ Dealers & distributors across India.
