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HI-TECH PIPES LTD.

20 December 2024 | 12:00

Industry >> Steel - Tubes/Pipes

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ISIN No INE106T01025 BSE Code / NSE Code 543411 / HITECH Book Value (Rs.) 28.64 Face Value 1.00
Bookclosure 14/09/2024 52Week High 211 EPS 2.16 P/E 72.10
Market Cap. 3167.26 Cr. 52Week Low 98 P/BV / Div Yield (%) 5.44 / 0.02 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was incorporated as Ram Lal Harbans Lal Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated January 02, 1985 and Certificate of commencement of Business dated January 23, 1985 in New Delhi.Subsequently, the name of the Company was changed to Hi-Tech Pipes Limited vide fresh certificate of incorporation dated October 15, 1986. 

KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANY : 

1985  -The company was incorporated as Ram Lal Harbans Lal Limited 
1986 -Certificate of Commencement of Business. 
 -The name of the Company was changed to Hi-Tech Pipes Limited 
1988 -Started Production of MS. Pipes. 
1996 -Started Production of Strips. 
1999 -Issued bonus share in the ratio of 1:1 to the shareholders 
2013 -Issued bonus share in the ratio of 5:1 to the shareholders 
2015 
-Issued bonus share in the ratio of 1:1 to the shareholders 
-Gross Turnover of the Company crossed Rs. 500 crores. 
-Started production at Sanand plant Gujarat. 
2016 
-Super SME Award 2016 Awarded to HI-Tech Pipes Ltd.

2018 -"Installation of 400 KW Grid Connected Solar Power Plant (Rooftop Solar Project ) at Hindupur Facilities, Andhra Pradesh".

2019

-RECEIVED TOP PERFORMER AWARD FROM SAIL.

2021

-"The New State-Of-The-Art, ERW Pipe Manufacturing Facility in Khopoli, Maharashtra Commences Commercial Production; Installed Capacity of 80,000 MTPA".

2022

-Hi-Tech Pipes received 'Ispat Agradoot Award 2022'.

2023

-The Company has splits its face value from Rs. 10/- to Rs. 1/-. - Commenced Commercial Production of Color Coating Line at Sikandrabad Facility,