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Hariom Pipe Industries to raise funds up to Rs 700 crore

25 Sep 2024 Evaluate

Hariom Pipe Industries has received an approval for the raising of funds through issuance of equity shares or any other eligible securities by way of one or more public and/or private offerings including by way of a qualified institutions placement for an amount not exceeding Rs 700.00 crore. The Board of Directors of the Company in its meeting held on September 24, 2024 considered and approved the same. 

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
APL Apollo Tubes 2181.05
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