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Hariom Pipe Industries gets sanction letter from Canara Bank

26 Sep 2022 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1221.65
Tata Steel 172.30
Steel Authority 169.30
Jindal Stainless 733.35
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