Hariom Pipe Industries , a leading manufacturer of iron and steel products in India, has reported a robust performance for the second quarter and first half of fiscal year 2026. The company achieved significant growth in sales volume, underlining its strong market position and operational efficiency.

Q2FY26 Performance Highlights

• Total sales volume reached 60,150 metric tons in Q2FY26, marking a 7% increase compared to the same period last year.
• Value-added products (VAP) continued to drive performance, accounting for 97% of total sales.
• VAP sales stood at 58,224 metric tons in Q2FY26.

H1FY26 Performance Overview

• For the first half of FY26, Hariom Pipe Industries recorded total sales of 138,371 metric tons, representing a 21% growth over H1FY25.
• VAP sales for H1FY26 reached 133,585 metric tons, also showing a 21% year-on-year growth.

Sales Performance Breakdown

*Value Added Product sales include revenue from MS Tubes, Scaffolding, and Galvanized Products.

Management Commentary

Mr. Rupesh Kumar Gupta, Managing Director of Hariom Pipe Industries, expressed satisfaction with the company's performance, stating, "We are pleased with our performance in the first half of FY26, achieving sales of 138,371 MT — a healthy 21% growth compared to last year. While the first quarter was exceptionally strong, the second quarter has also delivered steady growth on a year-on-year basis, underscoring the strength of our integrated business model and customer reach."

Future Outlook

The company maintains an optimistic outlook for the second half of FY26, expecting demand momentum to remain healthy. This positive outlook is supported by:

1. Steady infrastructure spending
2. Housing sector revival
3. Continued traction from rural markets

Hariom Pipe Industries' integrated manufacturing model and focus on value-added products position it well to capture growth opportunities while maintaining operational efficiency and cost competitiveness.

About Hariom Pipe Industries

Established in 2007, Hariom Pipe Industries has over 18 years of rich industry experience. The company offers a diverse product range including Mild Steel Billets, HR and CR Pipes, GP Pipes, and Scaffolding systems. With advanced manufacturing facilities in Telangana, Tamil Nadu, and Andhra Pradesh, Hariom Pipe Industries boasts a total installed capacity of 785,232 MTPA and an extensive product portfolio with over 800 SKUs. The company has a strong market presence in South and West India, known for its innovation, reliability, and commitment to excellence.

As Hariom Pipe Industries continues to demonstrate strong growth and operational performance, it remains focused on delivering long-term value to all its stakeholders in the dynamic iron and steel products market.

Hariom Pipe Industries Limited (HPIL) has taken a significant step towards expanding its operations by signing a Memorandum of Understanding (MOU) with the Government of Maharashtra. The agreement, inked on September 19, 2025, outlines plans for establishing an Integrated Steel Plant in Gadchiroli, Maharashtra, with a proposed investment of up to Rs 3,135.00 crore.

Key Details of the MOU

The MOU, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlights several important aspects of the agreement:

• Investment Size: HPIL proposes to invest up to Rs 3,135.00 crore in the project.
• Location: The Integrated Steel Plant will be set up in Gadchiroli, Maharashtra.
• Government Support: The Maharashtra government has committed to facilitating HPIL in obtaining necessary permissions, registrations, approvals, and clearances from concerned departments, in accordance with existing policies, rules, and regulations.
• Fiscal Incentives: As part of the agreement, the state government will also assist HPIL in accessing fiscal incentives for the project.

Impact and Implications

This move by Hariom Pipe Industries Limited represents a significant expansion of its manufacturing capabilities and could potentially strengthen its position in the steel industry. The substantial investment of Rs 3,135.00 crore underscores the company's commitment to growth and its confidence in the market potential.

Corporate Governance and Transparency

HPIL has confirmed that this transaction does not fall under related party transactions, and the parties involved are not related to the promoter or promoter group. This transparency aligns with good corporate governance practices and regulatory requirements.

Upcoming Investor Meeting

In a separate announcement, HPIL has informed that its management will be participating in the Arihant Capital (Broking) Virtual Conference on September 24, 2025, at 4:00 pm. The company has stated that no unpublished price-sensitive information is intended to be discussed during this virtual group meeting.

As Hariom Pipe Industries Limited moves forward with this significant investment plan, stakeholders will likely be watching closely to see how this expansion impacts the company's future performance and market position in the steel industry.