Hariom Pipe Industries has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, in connection with the company's proposed investment in the State of Andhra Pradesh.
Under the MoU, the proposed investment is around Rs 700 crore to establish an integrated steel plant at its existing unit based at D. Hirehal, Anantapur District, Andhra Pradesh. APEDB will facilitate the proposed investment, including assistance in discussions with the Union Government of India and facilitation of the process of land allotment and consideration of applicable incentives and benefits, subject to Government policies and approvals. The MoU is non-binding and is valid for 12 months from the date of signing, with project implementation subject to requisite approvals, statutory clearances and applicable Government policies.
Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.
