Hi-Tech Pipes Limited (NSE: HITECH and BSE Scrip Code: 543411), a leading company in the steel pipe industry, announced the commencement of commercial production at Sanand Unit-II Phase-1 in Gujarat, with a capacity of 170,000 metric tons. This milestone underscores company commitment to providing top-quality steel products that meet the dynamic needs of our global customers.
Situated strategically in Sanand, Gujarat, the new manufacturing unit is equipped with state-of-the-art technology and innovative processes aimed at maximizing efficiency and upholding the highest standards of product excellence. Operated by a team of skilled professionals and furnished with cutting-edge machinery, this facility is poised to redefine the steel pipes market with its unmatched capabilities.
With the addition of Sanand Unit-II Phase-1, company’s total installed capacity has now reached 750,000 metric tons, further solidifying position as a key player in the industry.
Mr. Ajay Kumar Bansal, Chairman and Managing Director of Hi-Tech Pipes Ltd., expressed his excitement on the occasion of the commencement of commercial production at the new steel pipes manufacturing unit. He stated, “We are thrilled to announce the commencement of commercial production at our new steel pipes manufacturing unit. This state-of-the-art facility reflects our ongoing dedication to innovation and excellence in the steel pipe industry. With its advanced technology and expert craftsmanship, we are well-positioned to meet the increasing demand for high-quality steel pipes across various sectors.”
He further highlighted the strategic focus of the Sanand Unit-II (Phase-I) project, which is equipped to manufacture high-end pipes for solar trackers and has already garnered approval from the world’s largest solar tracker manufacturers. Additionally, Phase-II will be dedicated to serving the Oil and Gas sector with highly specialized surface coatings. Mr. Bansal emphasized that this strategic move aligns with the company’s vision to increase the share of value-added products and enhance overall margins.