Hariom Pipe jumps on inking MoU with APEDB for Rs 700 crore steel plant
Mumbai, October 26 (Udaipur Kiran): Hariom Pipe Industries is currently trading at Rs. 308.00, up by 6.40 points or 2.12% from its previous closing of Rs. 301.60 on the BSE.
The scrip opened at Rs. 299.50 and has touched a high and low of Rs. 308.00 and Rs. 297.70 respectively. So far 2395 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 469.75 on 24-Oct-2025 and a 52 week low of Rs. 268.25 on 13-Apr-2026.
Last one week high and low of the scrip stood at Rs. 331.25 and Rs. 291.50 respectively. The current market cap of the company is Rs. 945.90 crore.
The promoters holding in the company stood at 57.26%, while Institutions and Non-Institutions held 10.49% and 32.25% respectively.
Hariom Pipe Industries has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, in connection with the company’s proposed investment in the State of Andhra Pradesh.
Under the MoU, the proposed investment is around Rs 700 crore to establish an integrated steel plant at its existing unit based at D. Hirehal, Anantapur District, Andhra Pradesh. APEDB will facilitate the proposed investment, including assistance in discussions with the Union Government of India and facilitation of the process of land allotment and consideration of applicable incentives and benefits, subject to Government policies and approvals. The MoU is non-binding and is valid for 12 months from the date of signing, with project implementation subject to requisite approvals, statutory clearances and applicable Government policies.
Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
