Despite the challenges posed by the monsoon season, Hi-Tech has successfully capitalized on opportunities arising from increased government spending in critical Infrastructure projects and Private Investment in renewable energy projects.
Hi-Tech Pipes Limited a leading Steel Tubes and Pipes manufacturing company in India, is pleased to announce impressive sales volume results for the second quarter and first half of the fiscal year 2025, ending September 30, 2024.
The company reported sales volumes of 123,027 MT for Q2 FY25, representing a remarkable 22.50% year-on-year (YoY) growth. For the first half of FY25, sales volumes reached to 245,182 MT, reflecting an outstanding 32.55% YoY increase.
This growth is primarily driven by a surge in demand across key sectors, including infrastructure, water transportation, and solar energy. Despite the challenges posed by the monsoon season, Hi-Tech has successfully capitalized on opportunities arising from increased government spending in critical Infrastructure projects and Private Investment in renewable energy projects.
Commenting on the occasion, Mr. Ajay Kumar Bansal, Chairman, Hi-Tech Pipes Ltd, said: “We are proud to report these significant growth figures, which highlight our strong market position and our ability to meet the needs of our customers in vital sectors. The robust demand for steel pipes in infrastructure, water transportation and renewable energy, coupled with our strategic initiatives, has enabled us to achieve these figures.
Steel tubes and pipes manufacturing company Hi-Tech Pipes has announced its highest-ever sales volumes for the second quarter at 123,027 metric tonnes (MT), marking a 22.5 per cent year-on-year (YoY) growth.
For the first half of FY25, sales volumes reached 245,182 MT, reflecting an outstanding 32.55 per cent year-on-year (YoY) increase.
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