New Delhi: Hi-Tech Pipes Limited, a leading producer of high-quality steel pipes, has announced Bollywood superstar Hrithik Roshan as its new brand ambassador. Following the announcement, the company’s shares saw a positive move, trading at Rs 169.65 on Monday. Hrithik Roshan will represent Hi-Tech Pipes across multiple platforms, including print, television, digital media, radio, and outdoor advertisements.
Expressing his excitement, Hrithik said, “I’m thrilled to collaborate with Hi-Tech Pipes. Quality infrastructure plays a crucial role in building a better future, and I’m looking forward to spreading that message through this association.”
Ajay Kumar Bansal, Chairman & Managing Director of Hi-Tech Pipes, shared his enthusiasm for the partnership. “It’s a pleasure to welcome Hrithik Roshan to the Hi-Tech Pipes family. His strong influence and positive image align with our goal of delivering top-quality products and services. This association will help us deepen our bond with customers and drive growth,” he stated.
Anish Bansal, Whole-Time Director at Hi-Tech Pipes, emphasized the significance of the collaboration in the company’s global expansion. “As we transition from a steel pipe manufacturer to a globally recognized brand, Hrithik’s dynamic persona and professionalism make him the perfect choice to represent us. His dedication to excellence reflects our values and supports our ambition to set new benchmarks in the industry,” he said.
Recent Achievements
The announcement comes on the heels of Hi-Tech Pipes raising over Rs 500 crore through a Qualified Institutional Placement (QIP) last month. According to a company filing, the QIP—which began on October 7 and closed on October 11—garnered bids of over Rs 800 crore from prominent domestic and international institutions. Notable participants included Motilal Oswal Fund, Bandhan Mutual Fund, and SBI General Insurance, among others. Under the QIP, the company issued 2,69,96,734 new equity shares at Rs 185.50 each.
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Industry Leader In Steel Products
With nearly 40 years of expertise, Hi-Tech Pipes has become a leader in manufacturing steel pipes, hollow sections, tubes, road crash barriers, solar mounting structures, and more. The company operates six state-of-the-art manufacturing facilities in Uttar Pradesh, Gujarat, Andhra Pradesh, and Maharashtra, with a consolidated installed capacity of 7,50,000 metric tonnes per annum.
Hi-Tech Pipes is targeting a capacity of 1 million tonnes by FY25 and boasts a robust distribution network with over 450 dealers and distributors across more than 20 states in India.
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