The MoU does not involve any shareholding, related-party transactions, or issuance of shares. HPIL confirmed it is strictly for the proposed plant, with no special rights granted to the state.
Hariom Pipe Industries is a manufacturer of high-quality steel products.
The company’s consolidated net profit jumped 34.8% to Rs 23.60 crore on a 34.3% increase in revenue from operations to Rs 460.96 crore in Q1 FY26 over Q1 FY25.
Shares of Hariom Pipe Industries fell 1.32% to Rs 543.95 on the BSE.
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