Steel pipes maker Hi-Tech Pipes aims to have 13.5 MW of renewable energy capacity for captive usage by December 2024.

It has an installed solar power capacity of 8.5 MW and is in the process of installing another five MW in a phased manner. The company's green power sourcing will reach around 13.50 MW, which will contribute around 30 percent of the total power requirements of the company.

Further, Hi-Tech Pipes has executed a memorandum of understanding (MoU) with a leading renewable energy supplier for generation and captive use of green hydrogen projects. Apart from steel pipes, the company produces tubes, cold rolled coils and strips, road crash barriers, solar mounting structures and a variety of other galvanised products.

Hi-Tech Pipes operates six manufacturing facilities across India, located at Sikandrabad (Uttar Pradesh), Sanand (Gujarat), Hindupur (Andhra Pradesh) - near Bengaluru and Khopoli (Maharashtra) having installed capacity of 7,50,000 tpa.