Hi-Tech Pipes has announced the commissioning of Sanand Unit-II Phase-1 (Gujarat) and the establishment of a new greenfield unit-III at Sikandrabad (UP) & Sanand Unit-II Phase-2 (Gujarat) to achieve 1 million tonnes capacity by FY25.
Jan 23, 2024
Hi-Tech Pipes Limited (HTPL) has announced the commissioning and successful trial production of its greenfield project at Sanand Unit II (Phase 1). It marked a significant milestone in the company’s journey towards achieving a capacity of 1 million tonnes. This strategic expansion adds 170,000 tonnes at Sanand Unit II (Phase 1), Gujarat. Additionally, the company has now embarked upon two new greenfield projects at Sikandrabad (U.P.) unit-Ill and Sanand Unit-II (Phase 2) adding 150,000 tonnes (by Q3 FY25) and tonnes (by Q4 FY25) respectively. This will catapult our total capacity to 1 million tonnes by the end of FY25. These units will further open up the opportunity for the company to tap domestic & worldwide markets including the Middle East, Europe, the USA, and other Western countries for small dia and large dia international standards. Proximity of raw material suppliers viz. Arcelor Mittal / Nippon Steel (AM/NS India to ensure consistent delivery & service to its customers.
Commenting on this occasion, Mr. Ajay Kumar Bansal, Chairman & Managing Director, Hi-Tech Pipes Limited said, “These new facilities will further strengthen the leadership position of the company in industry and reinforce the company’s commitment to providing top-quality piping solutions. With the latest manufacturing technology and equipped with all kind of quality testing equipment’s, here focus of the company will be on manufacturing of value added products with proportion in excess of 50 percent.”
These state-of-the-art facilities reinforce the company’s leadership position in the industry and underscore its commitment to providing top-quality piping solutions.
With the commencement of construction at Sikandrabad, Unit-III (U.P). The leadership position of the company in North India will be further strengthened. As per the vision of the Hon’ble Chief Minister of Uttar Pradesh Sh. Yogi Adityanath to achieve the target of USD 1 Trillion GDP, the company is also moving hand in hand in line with the greater vision of the UP Government.
Sanand Unit-ll project is equipped for manufacturing high-end pipes for solar trackers and has got approval from the world’s largest solar tracker manufacturers.
API pipes provide an immense opportunity for the company to enter into the premium oil & gas industry of India & the world.
