About Hariom Pipe Industries Limited (HPIL)

Hariom Pipe Industries Limited (HPIL) is an integrated manufacturer of iron and steel products, established in 2007 and incorporated in India as a public limited company. The Company’s operations span the entire steel value chain — from producing sponge iron and billets to hot rolled (HR) strips and finished products such as mild steel (MS) pipes and tubes, galvanized (GP) pipes and coils, cold rolled (CR) coils, and scaffolding systems. This integration enables tight quality control, cost efficiency, and a strong competitive position across its diversified steel portfolio.

HPIL operates four manufacturing facilities located across Telangana, Andhra Pradesh, and Tamil Nadu, with a total installed capacity of 7,01,232 MTPA — including 2,64,232 MTPA of raw materials and 4,37,000 MTPA of finished products. This integrated capacity highlights the Company’s scale and operational depth.

The Company serves a broad range of industries including infrastructure, housing, agriculture, automotive, solar, furniture, electrical, packaging, pre-engineered buildings, and construction. HPIL’s market presence spans 13 States and 1 Union Territory, with a strong base in South and Western India. Exports account for nil share of turnover, underscoring the Company’s domestic focus and deep regional distribution network.

As of March 31, 2025, HPIL has one subsidiary, reflecting a streamlined structure aligned with its core growth sectors in steel and renewable energy.

Hariom Pipe Industries Limited Key Milestones

• 2007: Incorporation of the Company in Hyderabad, Telangana.
• 2008: Commencement of Furnace Division operations.
• 2010: Commissioning of Rolling Mill and Pipe Mill–I.
• 2011: Launch of Pipe Mill–II and Scaffolding Unit.
• 2017: Installation of a Slitting Line, strengthening backward integration.
• 2018: Conversion into a public limited company and renaming as Hariom Pipe Industries Limited.
• 2019: Multiple capacity expansions across product lines.
• 2020: Acquisition of a 36,000 MTPA Sponge Iron Unit at Anantapur, Andhra Pradesh.
• 2022: Successful IPO, strengthening balance sheet and brand visibility.
• 2023: Acquisition of a 1,80,000 MTPA Galvanised Products Unit in Tamil Nadu and introduction of new downstream products.
• 2025: Secured Letter of Award for a 60 MW Solar Project from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) and achieved highest-ever annual sales volume of 2.45 lakh MT, marking a record operational performance.

Hariom Pipe Industries Limited Key Management

• Rupesh Kumar Gupta – Managing Director
• Sailesh Gupta – Whole-time Director
• Amitabha Bhattacharya – Chief Financial Officer
• Rekha Singh – Company Secretary & Compliance Officer

Business Segments

Revenue by Product/Vertical (FY 2024–25):

• MS/CR/GP Steel Pipes & Tubes – 82%
• Galvanized Coils – 8%
• MS Billets/Semi-finished Steel – 5%
• CR Coils – 3%
• HR Strips/Sheets/Coils – 1%
• Scaffolding & Metal Frameworks – 1%

Revenue by Geography:

• Domestic: 100% of turnover
• International (Exports): Nil

Latest Updates on Hariom Pipe Industries Limited

• Diversification into renewables: HPIL secured a Letter of Award for a 60 MW Solar Project from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) in 2025, marking its entry into the renewable energy segment and aligning growth with India’s energy transition objectives.
• Subsidiary for energy ventures: The Company incorporated a wholly owned subsidiary during FY 2024-25 to pursue solar and energy projects, reflecting a strategic diversification into the power and green energy sectors.
• Operational performance: HPIL achieved its highest-ever annual sales volume of 2.45 lakh MT, a 23% year-on-year increase, driven by expansions in MS tubes and galvanised product lines. Value-added categories remained the key growth driver, contributing significantly to margins.
• Financial discipline: The Company generated operating cash flow of Rs. 7,863.26 lakh in FY 2024-25, with an EBITDA-to-cash conversion ratio of 45%, underscoring strong working capital management and prudent capital allocation.
• Market expansion: HPIL deepened its dealer and franchisee network, expanding reach into Tier-2 and Tier-3 towns across Western and Northern India to strengthen last-mile distribution and customer access.
• Product mix: Value-added products contributed 97% of total revenue in FY 2024-25, reflecting a continued shift toward high-margin downstream categories.