Brief: Hariom Pipe Industries To Shut One Furnace For Expansion Process

Hariom Pipe Industries

20/09/2022 07:05

Sept 20 (Reuters) - Hariom Pipe Industries Ltd  HARO.NS :
    * HARIOM PIPE INDUSTRIES LTD -  REPLACING ONE OF ITS TWO
EXISTING
FURNACES WITH PRODUCTION CAPACITY OF 12-TON WITH NEW 15-TON
INDUCTION MELTING FURNACE
    * HARIOM PIPE INDUSTRIES LTD - COST OF EXPANSION WILL BE
AROUND 50
MILLION RUPEES
    * HARIOM PIPE INDUSTRIES - ONE OF FURNACES TO BE TEMPORARILY
SHUT
DOWN FROM SEPT 21 FOR ABOUT 45 DAYS
    * HARIOM PIPE INDUSTRIES LTD - WILL SOURCE RAW MATERIAL
REQUIRED
TO MANUFACTURE PIPES FROM OPEN MARKET
    * HARIOM PIPE INDUSTRIES - SHUTDOWN WILL  PARTLY IMPACT
PRODUCTION
OF BILLETS

Source text for Eikon:  ID:nBSE60VRR6 
Further company coverage:  HARO.NS 

 ((Reuters.Briefs@thomsonreuters.com;))