About Hi-Tech Pipes Limited

Hi-Tech Pipes Limited is a leading Indian steel pipes and tubes manufacturer established in 1985. The Company has grown into one of the country’s largest producers with an installed capacity of 7,50,000 tonnes per annum across six state-of-the-art manufacturing facilities, supported by a pan-India footprint of offices and sales reach. Its portfolio covers Black Hollow Sections and Round Pipes, Galvanized and Pre-Galvanized Pipes, and Cold Rolled Coils (CR) flat steel, which together accounted for 99.92% of turnover in FY25, reflecting the core manufacturing focus on metal products.

Products from Hi-Tech Pipes serve diverse infrastructure and industrial applications, including marquee national projects such as the high-speed bullet train, dedicated freight corridors, Jal Jeevan Mission, 5G telecom towers, and Indian Railways’ Kavach anti-collision system, among others. The Company operates six plants and three offices (national), serving customers across 17+ Indian states and 7+ international markets. Exports contributed 0.41% of turnover, underscoring a predominantly domestic presence with a growing global footprint.

Hi-Tech Pipes has four wholly owned subsidiaries and, as on March 31, 2025, had no joint venture or associate company. The consolidated financial statements cover the parent and all four subsidiaries, which are wholly owned by the Company.

Key Milestones of Hi-Tech Pipes Limited

Key milestones reflect steady expansion and product diversification: commencement of MS pipes at Sikandrabad Unit-I; entry into cold rolled coils and strips; listing on BSE; migration to NSE Main Board in May 2018; commissioning of Sanand Unit-II (Phase-1) with 1,70,000 MT capacity; installation of hot-dip galvanizing; and scaling into highway crash barriers, hollow sections, and solar mounting sections. The Company also successfully raised Rs 5,000 Million via QIP during 2023–2025, marking a significant capital milestone for growth.

Hi-Tech Pipes Limited Business Segment

• Domestic vs. international: Exports contributed 0.41% of turnover in FY25, with the balance sold in the domestic market across 17+ states. Markets served span 7+ countries, reflecting measured international expansion.

Hi-Tech Pipes Limited Key Management

• Ajay Kumar Bansal, Chairman & Managing Director
• Anish Bansal, Whole-Time Director
• Kamleshwar Prasad, Whole-Time Director
• Arvind Bansal, Executive Director & Chief Financial Officer
• Arun Kumar, Company Secretary & Compliance Officer
• Vivek Goyal, Non-Executive Independent Director
• Prashant Kumar Saxena, Non-Executive Independent Director
• Neerja Kumar, Non-Executive Independent Director (Woman Director)
• Mukesh Kumar Garg, Non-Executive Independent Director

Latest Updates on Hi-Tech Pipes Limited

• Operational momentum and product mix: The Company reported record sales volumes in FY25 and a higher share of value-added products, with value-added offerings rising to 37% (from 35% in FY24), reflecting a focus on premium, differentiated products.
• Expansion in galvanizing and larger SKUs: A hot-dip galvanizing facility was commissioned at Hindupur to meet growing demand for corrosion-resistant pipes. New large-diameter hollow section SKUs, including 250×250 mm and 300×150 mm, were introduced to expand the premium product range.
• Strategic project wins and exports: The Company supplied high-quality steel pipes for Indian Railways’ Kavach anti-collision system and secured orders for the BSF’s modular multi-layered high-strength border fencing. Sanand Unit-2 emerged as a global supply hub for solar torque tubes, exporting to North America, Europe, and the Middle East, aligning with the “Make in India – Export to World” vision.
• Capital measures: Following shareholder approvals, the Company converted fully convertible warrants into equity in April and July 2024, issuing 84,70,000 and 1,77,55,000 equity shares, respectively. The Board also approved fund-raising options up to Rs 600 crore, and the issue for eligible Qualified Institutional Buyers was opened on October 07, 2024.
• Credit profile: CRISIL reaffirmed long-term rating at A+/Stable and short-term rating at A1 for total bank loan facilities of Rs 440 crore, reflecting strengthened financial metrics and discipline.