Hi-Tech Pipes Ltd recently received a ₹105 crore deal from the renewable energy industry for supplying ERW steel pipes.
According to an exchange filing, the orders placed by “key customers” will be completed within the next three months. The goods will be manufactured at the company’s factory in Sanand, Gujarat.
Hi-Tech Pipes Ltd shares surged over 5% on Tuesday, reaching a new high of ₹192.75 on the BSE.
Numerous renewable energy projects, such as wind farms, solar installations and other green energy projects, will make use of the steel pipes made by Hi-Tech Pipes.
As of 12:32 pm, Hi-Tech Pipes shares were trading 0.91% higher at Rs 184.35 on the NSE.
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