India's Hariom Pipe hits 9-month high on steel plant deal

Hariom Pipe Industries

19/09/2025 11:12

** Shares of Hariom Pipe Industries HARO.NS rise as much as 3.8% to 561 rupees on Friday, marking its highest level since Dec 19, 2024

** The pipes and tubes makers enters into a memorandum of understanding with the government of Maharashtra for setting up an integrated steel plant

** HARO proposes to invest upto 31.35 bln rupees ($356 mln)

** YTD, HARO rose ~10%; stock closed at 2.7% higher at 555 rupees on Friday

($1 = 88.0887 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))