A Memorandum of Understanding (MoU) has been signed between Hi-Tech Pipes and the Government of Uttar Pradesh (UP) to establish a large manufacturing facility for the production of steel tubes, pipes, and flat steel processing.
As part of this MoU, the company plans to invest a total of ₹ 510 crore in phases. The supportive business environment and special incentives offered by the government of UP will also help the company establish a strong presence in the steel tubes, pipes, and flat steel processing industry.
Ajay Kumar Bansal, Managing Director of Hi-Tech Pipes Ltd, stated that the company has had a presence in the state for over three decades.
Hi-Tech Pipes is an ISO 9001 certified company that is known for its engineering excellence and innovative production of steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures, strips, and other galvanized products in India.
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