Hariom Pipe Industries soars on commencing production of MS Pipe Mills, Galvanised Pipe Mill and Cold Roll Mill
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Hariom Pipe Industries is currently trading at Rs. 666.35, up by 9.50 points or 1.45% from its previous closing of Rs. 656.85 on the BSE.
The scrip opened at Rs. 665.00 and has touched a high and low of Rs. 678.50 and Rs. 661.95 respectively. So far 6658 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 694.55 on 16-Jun-2023 and a 52 week low of Rs. 187.60 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 678.50 and Rs. 626.00 respectively. The current market cap of the company is Rs. 1836.57 crore.
The promoters holding in the company stood at 60.92%, while Institutions and Non-Institutions held 2.70% and 36.38% respectively.
Hariom Pipe Industries has completed installation and commenced production from two new MS Pipe Mills at plant located at Mahabubnagar District. With this, the total installed capacity of MS Pipes has gone up to 1,32,000 MTPA from the current 84000 MTPA.
The company has also completed installation and commenced production from galvanized pipe mill at plant located at Mahabubnagar District. The total installed capacity of this Galvanised Pipe Mill is 1,20,000 MTPA. It has also completed installation and commenced production of its Cold Roll Steel Mill at plant located at Mahabubnagar District.
Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.
