Hi-Tech Pipes Limited (HITECH.BO)
Hi-Tech Pipes Limited operates in the Steel industry of the Basic Materials sector, headquartered in New Delhi, DE, IN. The stock last traded at $78.20, down 1.26% on the session, giving a market capitalisation of $15.84B. Its beta of -0.01 implies it has historically moved less than the broad market.
Hi-Tech Pipes Limited, established in 1985 and headquartered in New Delhi, India, operates as a manufacturer and supplier of a comprehensive range of steel products. Initially incorporated as Ram Lal Harbans Lal Limited, the company adopted its current name in October 1986. Its diverse offerings cater to numerous key sectors within India, including infrastructure development, construction, automotive, energy, agriculture, defense, engineering, and telecommunications. The company's product portfolio includes galvanized iron (GI) pipes, ideal for agricultural and greenhouse applications, and various types of steel pipes utilized for critical systems like firefighting in commercial and residential buildings, as well as for railings, fencing, road signage, and structural elements in airports and metro stations. Additionally, they produce casing pipes for borewells, robust structural pipes for poles, scaffolding, and telecom towers, and cold rolled coils and strips integral to housing, vehicle manufacturing, office furniture, electrical lamination, and white goods. Steel hollow section pipes are also a core offering for construction projects. Hi-Tech Pipes also provides essential safety equipment such as metal beam crash barriers, vital for national highways, expressways, bridges, and other high-risk areas prone to high-density traffic. Their renewable energy contributions include solar torque tubes, while GC steel sheets and color-coated roofing sheets are supplied for the housing sector. The company distributes its products through an extensive network of approximately 450 dealers and distributors and also engages in international exports.
Hi-Tech Pipes Limited is most often compared with the following Basic Materials names: