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HITECH

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About

HITECH

Steel & Iron Products

837.55

0.00 (0.00%)

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Market Cap1,026 CrEPS18.4High849
Stock P/E45.5Net Profit Margin0.7Low830.3
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About the Company

Hi-Tech Pipes started in late 1985 as M/S Ram Lal Harbans Lal Limited. Later the name of the company was changed to Hi-Tech Pipes Ltd (HPL). It started production in 1988 with manufacturing of MS pipes CR coils and strips in 1996 and as a measure of backward integration installed Continuous Galvanizing Line in 2001. Thereafter in 2005 it got hot-dipped galvanizing facilities installed, in 2008 started production of highway crass barriers and hollow section in 2010, commenced production of solar mounting structures. In 2012 set up another manufacturing unit to manufacture steel tubes and hollow sections as second unit in Sikandrabad Industrial Area. In 2014 started commissioning of a new Greenfield state of art steel tubes and hollow sections manufacturing facilities in Sanand Gujrat. In July 2015 got commercial production from Sanand facilities. Today, the company’s multi-locational integrated plants have cold rolling mills to manufacture CRCA coils and strips, Continuous Galvanizing Line to manufacture Corrugated Sheets and Purling, pre-galvanized sheets required for manufacturing GP pipes, latest technology high speed tube mills to manufacture steel tubes, pipes, hollow sections of various sizes and types to cater the requirements of diverse industries and sectors.

The company has grown into a matured and experienced organization, which better understands the market needs and demands. It works with the objective of providing maximum customer satisfaction through its superior quality products, which can satisfy specific needs and requirements. The company is taking the pride of serving various industries with its products. ERW pipes & tubes for Oil & Gas and water sector, Black steel pipes, galvanized steel pipes and tubes for construction industry, precision tubes for automobile industry and hollow section for infrastructure and many more to boast of.

Business area of the company

Hi-Tech Pipes limited - 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.

Key Events and Milestones

  • 1985: The company was incorporated as Ram Lal Harbans Lal Limited.
  • 1986: Certificate of Commencement of Business. 
  • 1986: The name of the company was changed to Hi-Tech Pipes Limited.
  • 1988: Started Production of MS. Pipes.
  • 1996: Started Production of Strips.
  • 1999: Issued bonus share in the ratio of 1:1 to the shareholders.
  • 2013: Issued bonus share in the ratio of 5:1 to the shareholders.
  • 2015: Issued bonus share in the ratio of 1:1 to the shareholders.
  • 2015: Gross Turnover of the company crossed Rs 500 crore.
  • 2015: Started production at Sanand plant Gujarat.
Parent OrganisationHi-Tech Pipes Ltd.Managing DirectorAjay Kumar Bansal
Founded1985NSE SymbolHITECH