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Hitek Industries (Bihar) Ltd.

BSE: 513003 Sector: Metals & Mining
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Hitek Industries (Bihar) Ltd
NSE 05:30 | 01 Jan Hitek Industries (Bihar) Ltd

Hitek Industries (Bihar) Ltd. (HITEKINDS) - Company History

Incorporated on 15 Mar.'83, Hitek Industries (Bihar) was promoted by P P Verma, a technocrat. The company is engaged in the manufacture of cold-formed sections of different sizes. Cold-roll forming is a process for forming metal sheets or strips into desired shapes of uniform cross-section by feeding the stock longitudinally through a series of roll stations equipped with contour rolls. Products manufactured can have sections of almost any profile with maximum stiffness, high load carrying capacity, easier subsequent machining and greater resistance to corrosion. The process also saves 30-40% in steel and, consequently, weight compared to conventional hot-rolled sections. Industries engaged in the manufacture of structural sections, transmission towers, automobiles including commercial vehicles, electrostatic precipitators, conveyor sections, rolling shutters, fluorescent lamps, etc, are potential consumers. The company has a long-term contract with TISCO for slitting coils. It has tied-up with Lurgi, Germany, and Khalil's (Jersey), Dubai, for export markets.The company is recognised as a leader in the industry in the eastern and northern parts of the country. It has undertaken to develop a large product range for Kirloskars on a long-term basis.