HIL acquires pipes brand Topline for ₹265 Crore

12 Mar 2024 , 10:45 AM

According to a stock market statement, HIL Limited, promoted by CK Birla, has bought the Topline brand of polyvinyl chloride (PVC) pipes and four firms linked with the brand for ₹265 Crore.

The firms include Topline Industries, Aditya Polytechnic, Aditya Industries, and Sainath Polymers.

HIL Limited is a roofing-focused building products firm. It has been expanding in the PVC pipe market in anticipation of rising demand from the construction sector, which is being fueled by increased government spending on infrastructure and housing projects.

“We plan to expand our range of stock keeping units (SKUs) almost twofold. By leveraging patented technologies in electrofusion fittings and water tanks, we aim to establish ourselves as key players in the industry. This strategic move will strengthen HIL’s involvement in major government projects and ensure approval for the Jal Jeevan Mission across 12 states,” stated Akshat Seth, CEO of HIL Limited.

Plumbing, sewage and drainage systems, drinking water distribution, irrigation systems, chemical handling, fume, exhaust, and ventilation ducts all make use of PVC pipes.

HIL Limited sells pipes and fittings under the Birla HIL brand. It has a subsidiary in Germany and manufacturing operations in 25 locations around Europe and India.

“In its press release, HIL Limited expressed that the acquisition represents a substantial move in fulfilling the company’s dedication to rapidly advance its expanding pipes and fittings segment within the approximately ₹55,000 Crore Indian PVC pipes and fittings market.”

The purchase is projected to provide HIL with a complementary portfolio of goods, technology, and market footprint, allowing it to considerably grow its production capacity and nearly quadruple its revenue.

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