Hariom Pipe Industries Reports 35% Volume Growth in Q1, Expands into Solar Power Aug 14, 2025
Hariom Pipe Industries Reports Robust Q1 Growth with 35% Surge in Revenue and Profit Aug 08, 2025
More news about Hariom Pipe Industries
17Jul 25
Hariom Pipe Industries Announces 10-Day Maintenance Shutdown for Technological Upgrades
Hariom Pipe Industries will temporarily shut down its Unit I plant in Mahabubnagar, Telangana, from July 20 to July 30, 2025, for maintenance and technological upgrades. The shutdown affects the Induction Furnace, Continuous Casting Machine, and Rolling Mill. The company aims to enhance operational efficiency, reduce downtime, and improve product quality through this initiative. Hariom Pipe Industries assures that this scheduled maintenance will not materially impact overall operations.
04Jul 25
Hariom Pipe Industries Reports 35% Surge in Q1 Sales Volume
Hariom Pipe Industries, a key player in the pipe manufacturing sector, has announced a 35% year-over-year increase in total sales volume for the first quarter. This significant growth compared to the same period last year indicates a positive trend for the company, potentially reflecting increased demand for their products or successful market expansion. The strong performance could also suggest healthy demand in the construction and infrastructure sectors, which are primary consumers of pipe products.
10May 25
Hariom Pipe Industries Sets Ambitious 30% Volume Growth Target for Next Two Years
Hariom Pipe Industries has announced an ambitious growth strategy, aiming for a 30% Compound Annual Growth Rate (CAGR) in volume over the next two years. This aggressive target suggests potential expansion plans, increased market share, and improved operational efficiency. The company's bold projection reflects confidence in the pipe manufacturing sector's growth, driven by infrastructure development and government initiatives in India.
09May 25
Hariom Pipes Reports Strong Q4 FY2023 Results with Revenue and EBITDA Growth
Hariom Pipes Industries Ltd. (HPIL) announced Q4 FY2023 results with revenue increasing 21.21% YoY to ₹4000.00 million. EBITDA rose 16.19% to ₹488.00 million, though margin slightly decreased to 12.20%. Net profit grew 2.38% YoY to ₹172.00 million, with a significant 53.57% QoQ increase. Despite margin pressures, the company demonstrated robust growth and operational efficiency.
Hariom Pipe Industries Limited announced significant growth in Q4 FY25, with Value-Added Products (VAP) sales reaching 72,149 MT, a 46% year-on-year increase. Total sales volume for Q4 FY25 grew 23% to 74,213 MT. VAP contributed 97% of total sales, up from 81% in Q4 FY24. For FY25, VAP sales increased 35% to 235,812 MT, with total sales volume up 23% to 245,467 MT. VAP share in total sales rose to 96% for FY25, reflecting the company's successful focus on high-margin products.
07Mar 25
Hariom Pipe Industries Opts for Long-Term Lease Over Asset Acquisition
Hariom Pipe Industries has executed a 40-year lease agreement for Ultra Pipes' operating assets, replacing the initial plan of direct acquisition. The company cites cost efficiency, regulatory compliance, and enhanced profitability as key drivers. Additionally, Hariom Pipe is expanding into renewable energy by altering its object clause and plans to incorporate a new wholly owned subsidiary, Hariom Renewable Private Limited, focusing on solar projects. The company will seek shareholder approval for these changes through a postal ballot.
04Mar 25
Hariom Pipe Industries Secures 60 MW Solar Power Project in Maharashtra
Hariom Pipe Industries Limited (HPIL) has won a 60 MW (AC) solar power project under Maharashtra's 'Mukhyamantri Saur Krushi Vahini Yojana 2.0' scheme. The project, awarded by MSEDCL, includes a 25-year PPA with a fixed tariff of Rs. 2.96/kWh and additional incentives. HPIL will handle all aspects from development to maintenance, with an 18-month execution timeline. This marks HPIL's strategic expansion into the renewable energy sector.
04Mar 25
Hariom Pipe Industries Expands into Renewable Energy with 60 MW Solar Project
Hariom Pipe Industries Limited (HPIL) has been awarded a 60 MW (AC) solar power project under Maharashtra's 'Mukhyamantri Saur Krushi Vahini Yojana 2.0' scheme. The project, awarded by MSEDCL, has a PPA tariff of Rs. 2.96/kWh for 25 years, with a subsidy of Rs. 1.05 Crore/MW and additional incentives. HPIL will be responsible for the entire project lifecycle, from development to operation and maintenance, with an 18-month execution timeframe.