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Hi-Tech Pipes surges on securing orders worth Rs 105 crore

Hi-Tech Pipes Ltd. | Steel & Iron Products | Metals & Mining | BSE: 543411 | NSE: HITECH

20 Aug 2024 Evaluate

Hi-Tech Pipes is currently trading at Rs. 190.40, up by 7.45 points or 4.07% from its previous closing of Rs. 182.95 on the BSE.

The scrip opened at Rs. 185.25 and has touched a high and low of Rs. 192.75 and Rs. 184.75 respectively. So far 233975 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 192.75 on 20-Aug-2024 and a 52 week low of Rs. 74.47 on 06-Sep-2023.

Last one week high and low of the scrip stood at Rs. 192.75 and Rs. 164.00 respectively. The current market cap of the company is Rs. 3221.95 crore.

The promoters holding in the company stood at 53.95%, while Institutions and Non-Institutions held 13.17% and 32.88% respectively.

Hi-Tech Pipes has secured orders for supplying ERW Steel Pipes, totaling of Rs 105 crore (Inclusive of GST) from key customers in the renewable energy sector. These significant contracts reflect the growing demand for sustainable energy solutions and underscore our commitment to supporting this vital industry.

The orders will be executed from its New state-of-the-art manufacturing facility located in Sanand Unit II Phase I, over the next three months. This new facility, equipped with cutting-edge technology and efficient production processes, is poised to deliver high-quality steel pipes that meet the rigorous standards of the renewable energy sector.

The steel pipes will be utilized in various applications within the renewable energy sector, including wind farms, solar installations, and other green energy projects. Hi-Tech Pipes is dedicated to providing products that not only meet but exceed industry standards, ensuring durability and performance in the most demanding environments.

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.

Hi-Tech Pipes Share Price

87.93 -0.20 (-0.23%)

17-Apr-2026 16:59 View Price Chart

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Hi-Tech Pipes surges on securing orders worth Rs 105 crore

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