Hi-Tech Pipes is planning to set up a manufacturing unit of steel tubes and pipes, and a flat steel processing project worth Rs 510 Crore in Uttar Pradesh.
On 07 January 2023, the company signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to set up the facility for producing steel tubes and pipes, as well as a flat steel.
The agreement was signed as part of Uttar Pradesh's Invest U.P. Programme. The proposed amount will be invested in stages as per the terms of the MoU.
The project is part of Make in India and seeks to promote Aatmnirbhar Bharat.