Hariom Pipe Invests ₹10 Crore in Subsidiary Hariom Power and Energy
Hariom Pipe Industries Limited invested ₹10,00,00,040 in its subsidiary, Hariom Power and Energy Private Limited. The investment aims to strengthen HPEPL's capital for its 60 MW solar power project. Hariom Pipe will now hold 78.70% of HPEPL post-allotment.
The investment amount, while significant, is a strategic move to support a subsidiary's project, which is expected to have a medium-term impact on the group's overall financial performance and renewable energy sector presence.
The investment in a subsidiary to strengthen its capital base and facilitate project completion is a positive development for the company's growth prospects.
Hariom Pipe Industries Limited has announced an investment of ₹10,00,00,040 (Rupees Ten Crore and Forty Only) in its subsidiary, Hariom Power and Energy Private Limited (HPEPL). This investment was made through the subscription of equity shares on a preferential/private placement basis.
HPEPL, incorporated on March 19, 2025, is focused on developing and operating a 60 MW solar power plant project. The investment is intended to strengthen HPEPL's capital base and liquidity position for project completion. The shares were acquired at a face value of ₹10 each with a premium of ₹130 per share.
Following this investment, Hariom Pipe Industries Limited will hold 78.70% of the shareholding in HPEPL. The transaction, which falls within related party transactions as HPEPL is a subsidiary, has been undertaken on an arm's length basis based on an independent valuation report. The Board of Directors of HPEPL approved the allotment of equity shares on May 07, 2026.
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Hariom Pipe Industries Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hariom Pipe Industries Limited. Read the original for the full detail.