HIL to commission greenfield plant for pipes, fittings in Surat: Report

29 Sep 2017

HIL (formerly Hyderabad Industries) is reportedly planning to commission its Rs 130 crore greenfield plant for pipes and fittings at Golan, near Surat by April 2018. This will increase the company’s production capacity of pipes and fittings from the existing 7,500 tonnes per annum to about 20,000 tpa, and allow it to make an entire range of products.

Pipes and fittings contribute Rs 40 crore in revenue to the company, part of the CK Birla Group. In addition to the new facility, the building materials firm is also expanding its Faridabad unit.

HIL is a leading player in asbestos cement sheet (ACS) for roofing, from which it derives 70 per cent of its revenue at present. Its total revenue in FY17 was Rs 1,078 crore with a net profit of Rs 54 crore.

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