Hariom Pipe Industries Ltd Share Price – NSE /  BSE

Steel, Small Cap

The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on the same day.

The incorporation of the proposed wholly owned subsidiary aligns with the company's strategic objective of expanding its business. The initial share capital at the time of incorporation is set to be issued at face value, with an authorized share capital of Rs 10,00,000. HPIL holds 100% of the share capital in HPEPL, with the entire subscription being made in cash.

While HPEPL is a wholly owned subsidiary of HPIL, it is also classified as a related party. The company clarified that HPEPL has not yet commenced its business operations.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

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The new entity will be named, Hariom Renewable or any other name as may be approved by Ministry of Corporate Affairs. The incorporation of proposed wholly owned subsidiary (WOS) will take approximately 10 to 20 days, subject to requisite approvals.

The incorporation of the proposed wholly owned subsidiary aligns with the company's strategic goal of expanding its existing business.

Meanwhile, the company’s board also approved a modification to the procedure for acquiring Ultra Pipes' operating assets, opting for 40-year lease agreement instead of an outright purchase. This change optimizes cost efficiency, ensures regulatory compliance, and enhances profitability while maintaining long-term operational stability.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

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The project scope includes ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance, along with the evacuation infrastructure up to the delivery point.

Maharashtra State Electricity Distribution Company Limited (MSEDCL) will purchase the power generated from the project for 25 years, starting from the scheduled commercial operation date.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

Powered by Capital Market - Live News

The new entity will be named, Hariom Renewable or any other name as may be approved by Ministry of Corporate Affairs. The incorporation of proposed wholly owned subsidiary (WOS) will take approximately 10 to 20 days, subject to requisite approvals.

The incorporation of the proposed wholly owned subsidiary aligns with the company's strategic goal of expanding its existing business.

Meanwhile, the company’s board also approved a modification to the procedure for acquiring Ultra Pipes' operating assets, opting for 40-year lease agreement instead of an outright purchase. This change optimizes cost efficiency, ensures regulatory compliance, and enhances profitability while maintaining long-term operational stability.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

Powered by Capital Market - Live News

The project scope includes ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance, along with the evacuation infrastructure up to the delivery point.

Maharashtra State Electricity Distribution Company Limited (MSEDCL) will purchase the power generated from the project for 25 years, starting from the scheduled commercial operation date.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

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Hariom Pipe Industries (HPIL) has forayed into the renewable energy sector. Hariom Pipe Industries (HPIL) has received a Letter of Award from Maharashtra State Electricity Distribution Company for Solar Photovoltaic Power generating stations of an aggregate capacity of 60 MW(AC) under “Mukhyamantri Saur Krushi Vahini Yojana 2.0 - a scheme launched for implementation of feeder level Solarization under Component C of PM Kusum Scheme”.

The fixed PPA tariff for the 60 MW (AC) Solar Power capacity is Rs. 2.96/kWh for a period of 25 years at a subsidy of Rs. 1.05 Cr/MW. There is an additional incentive of Rs. 0.25/kWh for the first three years, upon the timely commissioning of the project.

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The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on the same day.

The incorporation of the proposed wholly owned subsidiary aligns with the company's strategic objective of expanding its business. The initial share capital at the time of incorporation is set to be issued at face value, with an authorized share capital of Rs 10,00,000. HPIL holds 100% of the share capital in HPEPL, with the entire subscription being made in cash.

While HPEPL is a wholly owned subsidiary of HPIL, it is also classified as a related party. The company clarified that HPEPL has not yet commenced its business operations.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

Powered by Capital Market - Live News

The new entity will be named, Hariom Renewable or any other name as may be approved by Ministry of Corporate Affairs. The incorporation of proposed wholly owned subsidiary (WOS) will take approximately 10 to 20 days, subject to requisite approvals.

The incorporation of the proposed wholly owned subsidiary aligns with the company's strategic goal of expanding its existing business.

Meanwhile, the company’s board also approved a modification to the procedure for acquiring Ultra Pipes' operating assets, opting for 40-year lease agreement instead of an outright purchase. This change optimizes cost efficiency, ensures regulatory compliance, and enhances profitability while maintaining long-term operational stability.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

Powered by Capital Market - Live News

The project scope includes ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance, along with the evacuation infrastructure up to the delivery point.

Maharashtra State Electricity Distribution Company Limited (MSEDCL) will purchase the power generated from the project for 25 years, starting from the scheduled commercial operation date.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

Powered by Capital Market - Live News

The new entity will be named, Hariom Renewable or any other name as may be approved by Ministry of Corporate Affairs. The incorporation of proposed wholly owned subsidiary (WOS) will take approximately 10 to 20 days, subject to requisite approvals.

The incorporation of the proposed wholly owned subsidiary aligns with the company's strategic goal of expanding its existing business.

Meanwhile, the company’s board also approved a modification to the procedure for acquiring Ultra Pipes' operating assets, opting for 40-year lease agreement instead of an outright purchase. This change optimizes cost efficiency, ensures regulatory compliance, and enhances profitability while maintaining long-term operational stability.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

Powered by Capital Market - Live News

The project scope includes ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance, along with the evacuation infrastructure up to the delivery point.

Maharashtra State Electricity Distribution Company Limited (MSEDCL) will purchase the power generated from the project for 25 years, starting from the scheduled commercial operation date.

Hariom Pipe Industries is a premium manufacturer of iron and steel products, catering to diverse industrial needs across multiple sectors.

The company reported consolidated net profit of Rs 11.23 crore in Q3 FY25, up 14.48%, compared with Rs 9.81 crore in Q3 FY24. Revenue from operations advanced 7.1% YoY to Rs 299.88 crore in Q3 FY25.

Powered by Capital Market - Live News

Hariom Pipe Industries (HPIL) has forayed into the renewable energy sector. Hariom Pipe Industries (HPIL) has received a Letter of Award from Maharashtra State Electricity Distribution Company for Solar Photovoltaic Power generating stations of an aggregate capacity of 60 MW(AC) under “Mukhyamantri Saur Krushi Vahini Yojana 2.0 - a scheme launched for implementation of feeder level Solarization under Component C of PM Kusum Scheme”.

The fixed PPA tariff for the 60 MW (AC) Solar Power capacity is Rs. 2.96/kWh for a period of 25 years at a subsidy of Rs. 1.05 Cr/MW. There is an additional incentive of Rs. 0.25/kWh for the first three years, upon the timely commissioning of the project.

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