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Hariom Pipe hits all-time high as production kicks off for melting furnace

Shares of Hariom Pipe Industries (HPIL) rallied 12 per cent to hit an all-time high of Rs 313 amid heavy volumes after the company completed the set up of 15 ton electric melting furnace

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Photo: iStock

SI Reporter Mumbai
Shares of Hariom Pipe Industries (HPIL) rallied 12 per cent to hit an all-time high of Rs 313 amid heavy volumes after the company completed the set up of 15 ton electric melting furnace. The commercial production for the same will commence from Friday, November 25, 2022.

This, therefore, will increase the company’s production of MS Billets from 95,832 MTPA to 104,232 MTPA, the company said.

The stock of iron & steel products company surpassed its previous high of Rs 318, which it had touched on November 9, 2022. The market price of the company has more-than-doubled from

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First Published: Nov 25 2022 | 11:45 AM IST

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