Hariom Pipe Industries

Hariom Pipe Industries Limited has entered into a Memorandum of Understanding with the Government of Maharashtra on September 19, 2025, to establish an Integrated Steel Plant in Gadchiroli, Maharashtra. The company proposes to invest up to Rs 3,135 crores in this project. Under the agreement, the Maharashtra government will facilitate the company in providing fiscal incentives and obtaining necessary permissions, registrations, approvals, and clearances from concerned departments as per existing policies, rules, and regulations. The parties are not related to the promoter/promoter group, and the transaction does not fall within related party transactions.

Hariom Pipe Industries Limited has set September 23, 2025, as the record date for determining shareholder eligibility for a final dividend of Rs 0.61 per equity share for FY 2024-25. The dividend represents 6.10% of the face value of Rs 10 per share. The Board of Directors recommended this dividend at their meeting held on May 9, 2025, subject to approval by members at the 18th Annual General Meeting scheduled for September 30, 2025. If approved, the dividend will be paid within statutory timelines under the Companies Act, 2013.

Hariom Pipe Industries participated in the Nuvama Home Improvement Conference on August 25, 2025, sharing its investor presentation. The company operates with 785,232 MTPA total installed capacity across five manufacturing units in Southern India, producing 800+ SKUs of steel products. With 18+ years of industry experience, the company serves 900+ dealers and B2B clients, generating ~85% sales through dealer network and ~15% through direct B2B sales. The company achieved record sales of 2.45 lakh MT with revenue of ₹1,357 crore in latest results. Key highlights include backward integration capabilities, focus on thin pipes and coils (0.3-2.5mm thickness), and 13% market share in the specialized thin steel category. The company targets 30% volume CAGR over the next 2 years, supported by capacity expansion in value-added products, deeper penetration into Tier 2/3 markets, and strengthening dealer network in Western and Northern India. Recent developments include receiving LOA for 60 MW solar power plant with Maharashtra State Electricity Board and incorporating Hariom Power and Energy Pvt. Ltd. for solar projects. The company maintains EBITDA margin of 12.9% with current solar renewable capacity of 3.4 MW across facilities.