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Informist, Tuesday, Sept. 9, 2025

 

By Rajesh Gajra

 

NEW DELHI – Hi-Tech Pipes Ltd. will commission its greenfield plant in Sikandrabad, Uttar Pradesh, in the December quarter, Whole-time Director and Chief Executive Officer Anish Bansal told Informist on the sidelines of a steel association conclave in Delhi on Tuesday. A brownfield expansion project at unit-II of the company's Sanand facility in Gujarat will also commence operations in the December quarter, he said.

 

The two projects are the company's capacity expansion initiatives currently under implementation. Bansal had told shareholders and analysts in a post-June quarter earnings conference call on Aug. 8 that these two projects would take the company "beyond" 1 million tonnes per year of installed capacity post commissioning. He had also said that both the projects were expected to begin commercial production in the June quarter.

 

But the timeline has got delayed by a couple of months. Speaking to Informist, Bansal said on Tuesday that both the projects were expected to go live in the December quarter and that post commissioning, around 50% of the output from the two units would be of value-added products.

 

Hi-Tech Pipes specialises in the production of electric resistance welded pipes and other regular and value-added steel products. In the June quarter, value added products made up 37% of the total production volume. The company caters to clients from the infrastructure, renewable energy, and defence sectors.

 

Earlier, Bansal had said in the post-earnings call that the new facility in Sikandrabad and expansion at the Sanand unit would have a "cumulative capacity" of around 250,000 tonnes annually. "And with this, we are hopeful that in the first year, we will have a 50% utilisation from the expanded capacities," he had said. Bansal had indicated that the focus on value-added products in the two projects was likely to raise the output contribution of value-added projects to 45% or more going forward.

 

Hi-Tech Pipes had reported a consolidated net profit of INR 209 million for the June quarter, up 16% on year and 19% on quarter. The company's consolidated revenue from operations for the quarter was INR 7.91 billion, down 8.7% on year but up 7.9% sequentially.

 

Shares of the company closed at INR 89.78 on the National Stock Exchange on Tuesday, down 0.1%.  End

 

Edited by Avishek Dutta

 

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