In a step towards Make in India and Building Aatmnirbhar Bharat ambition of Government of India, Hi-Tech Pipes Ltd has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for setting up a mega manufacturing facility of steel tubes & pipes and flat steel processing.

The Memorandum of Understanding is signed under the Invest U.P. Programme of U.P. Government under the leadership of Chief Minister of Uttar Pradesh Yogi Adityanath.

Under this MoU the proposed Investment will be of Rs. 510 crore to be invested in phased manner. This proposed project will go a long way in helping to achieve a vision of Chief Minister Yogi Adityanath to build U.P. US $1-Trillion economy. Further, the favourable business environment and the special incentive packages offered by the U.P. the government will additionally help the company to strengthen its position in the steel tubes & pipes and flat steel processing Industry.

Commenting on the development, Ajay Kumar Bansal, Managing Director, Hi-Tech Pipes Ltd. said, “We are extremely proud and happy that the company has entered this MoU with U.P. Government. Hi-Tech Pipes has had a strong presence in Uttar Pradesh for more than three decades with our own manufacturing facilities. This MoU further reinforces our commitment to the state by creating more employment and business opportunities. This transaction will support the capacity expansion plans and to strengthen our position in the steel tubes & pipes space."

Hi-Tech Pipes Limited, one of India’s leading steel processing companies, providing world class innovative products for nearly four decades with a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC sheets, color coated coils and a variety of other galvanised products.

The company operates integrated manufacturing facilities at Sikandrabad (UP), Sanand (Gujarat), Hindupur (AP) near Bangalore, and Khopoli (Maharashtra), with an installed capacity of 5,80,000 MTPA, on a consolidated basis. The company has direct marketing presence in over 20 states with more than 400+ distributors across India.