Hi-Tech Pipes Secures Rs 100 Cr Order

26 Aug 2024 CW Team

In line with its growth ambitions, Hi-Tech Pipes has also announced plans to raise Rs 600 crore through equities. This capital will be utilized to expand the company's manufacturing capabilities, invest in advanced technologies, and enhance its production efficiency to meet rising demand. The fundraising effort is a crucial step in supporting the company's long-term growth strategy, enabling it to scale its operations and tap into new markets.

The Rs 100 crore order is particularly significant as it underscores Hi-Tech Pipes' role in supporting major infrastructure projects, especially in the renewable energy sector, where demand for high-quality pipes is increasing. The company's commitment to delivering superior products has positioned it as a trusted partner in large infrastructure projects.

The fundraising initiative, through the issuance of equities, is expected to attract significant investor interest, given the company's robust performance and growth prospects. The capital raised will also provide the necessary financial flexibility to pursue strategic opportunities, including potential mergers and acquisitions.

Hi-Tech Pipes' proactive approach to market expansion, coupled with its strategic fundraising efforts, reflects its commitment to sustaining growth and delivering value to its stakeholders. The company's focus on innovation and quality continues to drive its success in a competitive market, making it a key player in the infrastructure and renewable energy sectors.

Hi-Tech Pipes, a prominent player in the steel pipe manufacturing sector, has secured a significant order valued at Rs 100 crore for supplying pipes. This order highlights the company's strong market presence and its ability to meet large-scale infrastructure demands. The order, which is expected to enhance the company's revenue streams, is part of a broader strategy to strengthen its position in the industry. In line with its growth ambitions, Hi-Tech Pipes has also announced plans to raise Rs 600 crore through equities. This capital will be utilized to expand the company's manufacturing capabilities, invest in advanced technologies, and enhance its production efficiency to meet rising demand. The fundraising effort is a crucial step in supporting the company's long-term growth strategy, enabling it to scale its operations and tap into new markets. The Rs 100 crore order is particularly significant as it underscores Hi-Tech Pipes' role in supporting major infrastructure projects, especially in the renewable energy sector, where demand for high-quality pipes is increasing. The company's commitment to delivering superior products has positioned it as a trusted partner in large infrastructure projects. The fundraising initiative, through the issuance of equities, is expected to attract significant investor interest, given the company's robust performance and growth prospects. The capital raised will also provide the necessary financial flexibility to pursue strategic opportunities, including potential mergers and acquisitions. Hi-Tech Pipes' proactive approach to market expansion, coupled with its strategic fundraising efforts, reflects its commitment to sustaining growth and delivering value to its stakeholders. The company's focus on innovation and quality continues to drive its success in a competitive market, making it a key player in the infrastructure and renewable energy sectors.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Infrastructure Energy

07 Nov 2025

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..