Hariom Pipe Industries has signed an MoU with the Andhra Pradesh Economic Development Board to establish an integrated steel plant at its existing facility in Anantapur district.
Oct 26, 2026
Hariom Pipe Industries Limited has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, for a proposed investment of approximately INR 700 crore to establish an integrated steel plant at its existing unit in D. Hirehal, Anantapur district, Andhra Pradesh.
Under the agreement signed on October 23, 2026, APEDB will facilitate the proposed investment, including assistance in discussions with the Union Government and support for the land allotment process. It will also facilitate consideration of applicable incentives and benefits, subject to government policies and approvals.
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The MoU is non-binding and valid for 12 months from the date of signing. Project implementation will be subject to the requisite approvals, statutory clearances and applicable government policies.
