Hi-Tech Pipes Ltd., one of the leading steel tubes and pipes manufacturers, announces the achievement of a record-breaking sales volume for the concluding quarter and the fiscal year ended 31 March, 2024. This milestone represents the highest sales figures ever recorded in the company's history, marking a momentous occasion for the organization and stakeholders.

In the face of declining HRC Prices, Hi-tech has successfully managed to navigate through this and boost its market share in domestic steel pipes industry. The company's strategic initiatives focused on operational excellence, customer-centric approaches, and increase in share of value added products have resulted in an increase in yearly sales volume of 3,91,147 MT in FY24 from 3,54,032 MT in corresponding previous year.

Commenting on operational performance, Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes Ltd. Said, "This is a landmark achievement for Hi-Tech and a testament to the hard work and dedication of our team. Our commitment to quality, innovation, and sustainability has resonated with our customers, resulting in ever-stronger partnerships and market presence. We are dedicated to continuing this growth trajectory and delivering exceptional value to our investors and customers."

The introduction of the new facility at Sanand U II Phase-1 will definitely bolster the company's sales volume significantly in FY25. The company's commitment to investing in cutting-edge manufacturing technology, research and development, and a customer-focused approach are the cornerstones of our growth plan.

The company operates 6 state-of-the-art integrated manufacturing facilities located at Sikandrabad (UP), Sanand (Gujarat), Hindupur (AP) - near Bangalore, and Khopoli (Maharashtra), with an installed capacity of 7,50,000 MTPA, on a consolidated basis. It has direct marketing presence in over 20 states with more than 450+ Dealers & distributors across India.