Hyderabad-based Maruti Ispat & Pipes (MIPPL) has launched MS VAYU, a new brand which it will use to sell ERW steel pipes in the market. The company is a subsidiary of the MS Agarwal Group and is the second-largest secondary steel manufacturer in South India.
The company will add six lakh tonne capacity over the next five years, it is a key part of MIPPL's expansion plan which will further solidify its position in the market. The company also aims to extend its manufacturing facilities to new regions in order to expand in the northern and eastern regions of the country. The company also plans to diversify its business across other segments as part of its strategic plans.
MIPPL's manufacturing unit is equipped with modern facilities and a competent R&D team to produce quality pipes, sponge iron, ERW steel pipes and billets from its 300 acre plant in Mantralayam in Kurnool, Andhra Pradesh. In order to fuel its expansion and diversification plans, MIPPL intends to go public by 2026. Expansion plans include entering Jammu and Kashmir, Punjab, and Uttarakhand, as well as West Bengal and Odisha, creating substantial job opportunities and boosting local economies.
The company is an ISO & BIS certified company with operations spread across Southern, Central and Western regions. Maruti Ispat currently produces eight MW -WHRB of power and plans to produce over 90 percent of its energy from renewable sources like wind and solar. The business also intends to boost its energy production with alternative fuels usage for waste reduction.