Hi-Tech Pipes Limited has signed a Memorandum of Understanding (MOU) with the Government of Uttar Pradesh for setting up of a Mega manufacturing facility of Steel tubes & Pipes and Flat Steel Processing. Memorandum of Understanding is signed under the Invest U.P. Programmeof U.P. Governmentcarrying out under the leadership of Hon'ble Chief Minister of Uttar Pradesh Sh. Yogi Adityanath Ji.Under this MOU the proposed Investment will be of INR 5,100 million to be invested in phased manner.

This proposed project will go a long way in helping to achieve a vision of Hon'ble Chief Minister Sh. Yogi Adityanath Ji to build U.P.$1-Trillion economy. Further, the favourable business environment and the special incentive packages offered by the U.P. government will additionally help the company to strengthenits position in the steel tubes& Pipes and Flat Steel Processing Industry.