### **Company Overview** Hi-Tech Pipes Limited is one of India’s leading integrated steel processing companies, with nearly **four decades of industry experience**. Established in 1985 and headquartered in Delhi, the company has evolved from a niche ERW (Electric Resistance Welded) steel pipe manufacturer into a diversified, application-focused **piping solutions provider**. It serves over 17 Indian states through a vast dealership network and exports select products globally. The company operates under a strong **“Make in India” and “Atmanirbhar Bharat”** philosophy, supplying critical materials for infrastructure, energy, defense, agriculture, and public utility projects. It is strategically led by the Bansal family, with Mr. Anish Bansal (Whole-Time Director) overseeing finance and strategic expansion. --- ### **Manufacturing Footprint & Installed Capacity** As of **November 2025**, Hi-Tech Pipes operates **six advanced integrated manufacturing facilities** across four states: - **Sikandrabad (Uttar Pradesh)** - **Sanand (Gujarat) – Unit I and Unit-II** - **Hindupur (Andhra Pradesh)** - **Khopoli (Maharashtra)** These units support a **consolidated installed capacity of 750,000 metric tonnes per annum (MTPA)**, combining production of pipes, tubes, cold-rolled products, galvanized sheets, and engineered components. #### **Near-Term Capacity Expansion (FY26 Target)** - A **300,000 tonne capacity expansion** is in the advanced commissioning stage, expected to achieve **commercial production by Q3 FY26**. - This will bring total capacity to **1.05 MTPA**, aligning with the company’s near-term goal of **1 million tonnes by FY26**. - **Current capacity utilization: 66%**, indicating healthy demand and operational efficiency in core segments. #### **Strategic Expansion Projects (Nov 2025 Updates)** | **Project** | **Location** | **Capacity (MTPA)** | **Technology** | **Launch Target** | **Application** | |-----------|------------|----------------|---------------|-----------------|----------------| | Sanand Unit-II, Phase-II | Sanand, Gujarat | 100,000 | DFT & ERW | Q2 FY26 | Solar torque tubes, wind towers, structural & piling tubes | | Greenfield Plant | Sikandrabad, UP | 150,000 | ERW | Q2 FY26 | Infrastructure, defense, renewable energy pipes | | New Greenfield Unit | Sri City, AP | 90,000 (DFT) + 30,000 (ERW) | DFT + ERW | Q3–Q4 FY26 | Large-diameter pipes, hollow sections for Southern India | | API-Grade Pipe Facility | To Be Announced | TBD | Globally Certified | Under Finalization | Oil & gas, industrial pipelines, water transmission | Additionally, a **new facility in Southern India** (AP) expected by **Q1 FY28** will further enhance regional reach and product diversity. --- ### **Strategic Initiatives & Growth Vision** #### **Long-Term Vision: 2 Million Tonnes by FY29** Hi-Tech Pipes aims to achieve **2 million tonnes of installed capacity by FY29**, driven by a mix of **brownfield expansions and greenfield projects**. This ambition was significantly accelerated by a **₹500 crore Qualified Institutional Placement (QIP)** in Nov 2024, part of its transformational **“Hi-Tech 2.0” program**. #### **Entry into API-Grade Pipe Manufacturing** - The company is entering the **high-value API (American Petroleum Institute) grade pipe manufacturing segment**, opening doors to **oil & gas, refining, and industrial pipeline sectors**—currently reliant on imports. - This initiative will: - Expand the addressable market - Diversify end-user base - Improve **profit margins** - Vendor partnerships and **global technology tie-ups are being finalized**. #### **Focus on Value-Added Products (VAPs)** - **VAP share in revenue:** **37% in FY25** (up from 26% in FY22), with a **target of over 50% by FY26**. - High-margin product categories: - **Solar torque tubes** (exported to North America, Europe, Middle East) - **Color-coated coils (Hi-Tech ColorStar)** – premium roofing, cladding, metro systems - **Large-diameter hollow sections (e.g., 300x200 mm)** - **Fire-fighting pipes (C-class, IS:1239 compliant)** - **Pre-galvanized and corrosion-resistant pipes (e.g., Hi-Tech Pregal, Casewell, Bahubali)** - These product lines support higher **EBITDA per ton**, expected to reach **₹4,000/tonne**. --- ### **Renewable Energy Leadership** Hi-Tech is a **trusted supplier to India’s renewable energy sector**: - **Sanand Unit-II** is a **global hub for solar torque tubes**, certified by the **world’s largest solar tracking manufacturers**. - Supplies **solar mounting structures** for projects like **Khavda Solar Park (world’s largest)**. - Strategic focus on **export growth** from Gujarat to North America, Europe, and the Middle East. - **Secured ₹105 crore export orders** in 2024 for ERW pipes from renewable energy clients. --- ### **Product Portfolio & Brands** Hi-Tech offers **over 1,200 SKUs** across **12+ registered brands**, serving diverse industrial applications: | **Segment** | **Products** | **Brands** | **Applications** | |------------|------------|------------|-----------------| | Steel Pipes & Tubes | ERW, MS, GI, GP, CR, Hollow Sections | Bahubali, Jumbo, Hi-Tech Pipes | Infrastructure, real estate, industrial | | Agricultural | Borewell & irrigation pipes | **Hi-Tech Jal Shakti**, Hi-Tech Organic, Hi-Tech Casewell | Agriculture, water access, rural development | | Coated Steel | GP/GC Sheets, Color-Coated Coils | Hi-Tech ColorStar, RE-GAL | Warehouses, industrial sheds, roofing, cladding | | Cold-Rolled | CR Coils, Strips, Sheets | **Hi-Tech Flatmax** | Automotive, white goods, furniture, lamination | | Engineered Products | Crash barriers, Solar structures | Hi-Tech Crashguard, Hi-Tech Solar Torque Tubes | Highways, metros, renewable energy | | High-Performance | Fire-resistant, Pre-gal, Large-diameter pipes | Firefighter, Pregal, Bahubali | Defense, oil & gas, high-strain projects | --- ### **Customer Base & Market Presence** - **Distribution Network:** Over **550 dealers and distributors** across 20+ Indian states. - **OEM Partnerships:** Strong engagements with **L&T, NHAI, Reliance, Adani, BHEL, DMRC, PGCIL**, etc. - **Government Projects:** Key supplier to: - Jal Jeevan Mission - Sardar Vallabhbhai Olympics Sports Enclave, Ahmedabad - Surat Diamond Bourse - Mumbai-Ahmedabad High-Speed Rail (Bullet Train) - Noida International Airport - Maha Kumbh Prayagraj (branding & supply) - **Exports:** Growing presence in **Nepal, Sri Lanka, UAE, Germany**, and potential entry into **SE Asia and Africa**. --- ### **Innovation & Sustainability** - Invests in **R&D** for product development in renewable energy, water systems, and defense. - **Digital Transformation**: - Real-time inventory tracking - Smart distribution for faster deliveries - Automation in manufacturing and supply chain - **Sustainability Initiatives**: - Rooftop solar capacity increased to **3,300 kW** across units - 5 MW solar PPA signed for Sikandrabad unit - Reduced carbon footprint with hydrogen furnaces and energy-efficient practices --- ### **Key Competitive Strengths** 1. **Vertically Integrated Manufacturing**: In-house cold rolling, galvanizing, and coating capabilities. 2. **Pan-India Reach with Regional Hubs**: Proximity to key markets and raw material sources. 3. **Application-Based Solutions**: Tailored products for specific customer needs. 4. **Export-Ready Gujarat Unit**: Strategic location near major ports. 5. **Brand Trust in National Projects**: Proven execution in critical infrastructure and defense.