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Hariom Pipe Industries

Hariom Pipe Industries

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About

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

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Overview

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. It uses iron ore to produce Sponge Iron which is then processed across various stages to manufacture its final products viz. MS Pipes and Scaffolding making its manufacturing process cost-effective.’ The company caters to the southern and western Indian markets for its products. The company’s MS Pipes are marketed and sold in these geographies under the brand name “Hariom Pipes”. Substantial portion of the Sponge Iron, MS Billets and HR Strips produced by the company is used for captive consumption in the manufacturing MS Pipes and Scaffolding.

The company manufactures MS Pipes and Scaffoldings of different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power and engineering. Its integrated plant at Mahabubnagar District in Telangana (Unit I) manufactures finished steel products from iron scrap and Sponge Iron and its other plant at Anantapur District, Andhra Pradesh (Unit II) exclusively manufactures Sponge Iron. Unit II is located near Bellary, which is one of the hubs in South India for iron ore production. The iron ore required to produce Sponge Iron at Unit II is mostly procured through the online bidding process. Most of the Sponge Iron produced at the Unit II is transported to the Unit I and used as a raw material for manufacturing MS Billets, HR Strips, MS Pipes and Scaffolding. The manufacturing of Sponge Iron at its Unit II has reduced its dependence on external sources for raw materials since its acquisition in September, 2020.

The integration of Unit I and II has optimized its operations and profitability through backward integration which helps with efficient logistics, inventory management, procurement, energy savings and quality control. The company’s quality control team led by qualified chemists and engineers ensure that its raw materials as well as end products are tested on all quality parameters to ensure that it is compliant with the required market standards. It mainly sells MS Pipes through more than two hundred (200) distributors and dealers. It also sells MS Pipes and Scaffoldings to certain developers and contractors directly as B2B sales. Its key differentiator is its range of product specifications in terms of thickness, length, quality, availability and customised products.

Business area of the company

The company is a premium manufacturer of iron and steel products. The company has gone from strength to strength, evolving into an integrated steel manufacturer with a stronghold in the South Indian market. With a diverse product portfolio consisting of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils and Scaffolding Systems, its top-quality products cater to a variety of industrial applications across multiple sectors.

Products:

  • Sponge Iron
  • MS Billets
  • HR Strips
  • MS Pipes
  • Scaffolding, Tube Accessories and Fittings

Major Events and Milestones

  • 2007: Incorporation of Company.
  • 2010: Commencement of production of HR Strips and MS Tubes at our Unit I.
  • 2011: Commencement of production of Scaffolding at our Unit I.
  • 2013: Commencement of production of HR Slit Coil & MS Tubes at our Unit I.
  • 2018: Conversion of Company from private limited to public limited.
  • 2018: Achieved Turnover of Rs 10,000 lakh.
  • 2020: Acquisition of Unit II at Anantapur.
  • 2021: Receipt of ISO 9001:2015 (Quality Management System) in respect of manufacturing of MS Billets, HR Strips, MS Pipes, MS Sections, GP Pipes and Scaffoldings.
Brands Of Hariom Pipe Industries

Brands Of Hariom Pipe Industries

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