Hi-Tech Pipes Aims for 13.5 MW Renewable Energy by December 2024

New Delhi-based steel pipe manufacturer Hi-Tech Pipes has recently announced its target to achieve 13.5 MW of renewable energy capacity for captive use by December 2024. Currently, the company has an installed solar power capacity of 8.5 MW and is adding another 5 MW in phases.

The company did not disclose financial specifics, but industry estimates suggest an investment of INR 5-7 crore per MW of solar capacity, including land costs.

This green energy goal is expected to meet approximately 30 percent of Hi-Tech Pipes’ total power needs. Additionally, Hi-Tech Pipes has signed a Memorandum of Understanding (MoU) with a leading renewable energy supplier to develop green hydrogen projects. This partnership will utilize the supplier’s expertise in engineering, procurement, and construction (EPC) and research and development capabilities.

Hi-Tech Pipes operates six integrated manufacturing facilities across India, located in Sikandrabad (Uttar Pradesh), Sanand (Gujarat), Hindupur (Andhra Pradesh) near Bengaluru, and Khopoli (Maharashtra), with a total installed capacity of 750,000 metric tonnes per annum. The company’s diverse product range includes steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures, and other galvanised products.