Hariom Pipe Industries has received sanction letter by Canara Bank for enhancement of its working capital limits from Rs 49.50 crore to Rs 149.50 crore and fresh term loan of Rs 94.02 crore for implementation of cold rolled steel mill and galvanized pipe mill projects. The company is in the process of further negotiation with the bankers.
Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.