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Hariom Pipe Industries sets up 15 ton electric melting furnace

25 Nov 2022 Evaluate

Hariom Pipe Industries has completed the setting up of its 15 ton electric melting furnace and the commercial production is all set to commence from November 25, 2022. This will increase the company’s production of MS Billets from the current 95,832 MTPA to 1,04,232 MTPA. This is in line with the objects as set out in the company’s prospectus at the time of its maiden IPO.

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 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
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