Hi-Tech Pipes Limited has informed the Exchange regarding a press release dated February 09, 2026, titled "Commences Commercial Production at a Greenfield facility at Sikandrabad Unit-III, UP- Commissioning marks achievement of 1 Million Tons Annual Installed Capacity".
HITECH · price
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Hi-Tech Pipes has started commercial production at its new greenfield plant at Sikandrabad Unit-III in Uttar Pradesh. With this commissioning, the company has achieved a total annual installed capacity of 1 Million Tons. The Sikandrabad Unit-III is a new facility built from the ground up, marking a major capacity expansion milestone. The press release dated February 9, 2026 signals the company's growth trajectory in the steel pipes segment.
This is a positive development for shareholders as it materially expands production capacity, potentially driving higher revenues and market share going forward. The stock may see a positive reaction given the achievement of a significant capacity milestone.