Hi-Tech Pipes Limited (HTPL), a leading manufacturer and supplier in the piping industry 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.
Besides adding 170,000 tonnes at Sanand Unit-Il, (Phase 1), Gujarat, 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 Q3FY25) and tonnes (by Q4FY25) respectively. This will catapult our total capacity to 1 million tonnes by end of FY25.
These units will further open up the opportunity for the company to tap domestic & worldwide market including Middle East, Europe, 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, Ajay Kumar Bansal, Chairman & Managing Director, Hi-Tech Pipes Limited said, "These new facilities will further strengthen the leadership position of the company in the industry and reinforces the company's commitment to provide top quality piping solutions. With 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%"
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 commencement of construction at Sikandrabad, Unit-III (U.P). 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 greater vision of UP Government.
Sanand Unit-ll project is equipped for manufacturing of High End Pipes for Solar Trackers and has got the approval from world's largest Solar Tracker Manufacturers.
API pipes provide immense opportunity to the Company to enter into the premium Oil & Gasm Industry of India & the World.