Hi-Tech Pipes has received upgrade in credit ratings for bank facilities as under:Fund based working capital limits (Rs 120 crore) - IND A+/Stable Non fund based working capital limit (Rs 5 crore) - IND A1+ Powered by Capital Market - Live News

Hi-Tech Pipes has appointed Bollywood celebrity Hrithik Roshan as its Brand Ambassador. He will promote the brand across multiple media channels, included Print, Electronic media, outdoor advertisement, Digital Marketing and Radio Channels. Powered by Capital Market - Live News

The Board of Hi-Tech Pipes at its meeting held on 06 November 2024 has approved the 100% acquisition of Hi-tech Global Steels (CIN: U24311DL2024PTC429740) to further expand its business operations. Powered by Capital Market - Live News

Net profit of Hi-Tech Pipes rose 71.98% to Rs 18.11 crore in the quarter ended September 2024 as against Rs 10.53 crore during the previous quarter ended September 2023. Sales declined 5.38% to Rs 705.90 crore in the quarter ended September 2024 as against Rs 746.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales705.90746.00 -5 OPM %5.983.59 - PBDT29.5917.09 73 PBT24.3114.04 73 NP18.1110.53 72 Powered by Capital Market - Live News

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live News