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Hi-Tech Pipes signs MoU with Govt of UP to set up new manufacturing facility

09 Jan 2023 Evaluate

Hi-Tech Pipes has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh (UP) for setting up of a Mega manufacturing facility of Steel tubes & Pipes and Flat Steel Processing.

Under this MoU, the proposed investment will be of Rs 510 crore to be invested in phased manner. Further, the favourable business environment and the special incentive packages offered by the U.P. government will additionally help the company to strengthen its position in the steel tubes& Pipes and Flat Steel Processing Industry.

Hi-Tech Pipes - an ISO 9001 certified company, is one of India's leading engineering house of excellence and innovation producing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips and a variety of other galvanized products.

Peers
Company Name CMP
JSW Steel 1297.95
Tata Steel 190.75
Steel Authority 185.60
Jindal Stainless 758.40
APL Apollo Tubes 2194.30
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