With the expansion, Hariom Pipe Industries will be able to expand the production of MS Billets from 95,832 MTPA to 104,232 MTPA.
December 3, 2022
Hariom Pipe Industries Ltd. (HPIL), a premium manufacturer of iron and steel products, has completed the setup of 15 tonnes electric melting furnace – as published in media reports. This will increase the company’s production of MS Billets from 95,832 MTPA to 104,232 MTPA, the company said.
During the July-September quarter, i.e. Q2FY23, HPIL focussed to sell ERW Steel Pipes & Scaffoldings, and thereby, achieved highest ever-quarterly sales volume of 15,675 tonnes of ERW Steel Pipes, comprising 77 per cent of the total sales revenue of INR 127 crore.
“During the beginning of the quarter, the company witnessed volatile and elevated prices of input materials like coal, energy, iron ore etc. Though all these have stabilized later in the quarter. That apart, we are also in the process of evaluating the acquisition of an operating manufacturing unit located in South India,” the company added.
Hariom Pipe Industries is one of the most backward integrated steel pipe mill companies. The Telangana-based Company manufactures sponge iron, billets, HR strips, and pipes. With a diverse product portfolio, HPIL caters to a variety of industrial applications across multiple sectors.