MIPPL unveils new brand; to invest 2K cr on expansion

Hyderabad: City-based Maruti Ispat & Pipes Private Limited (MIPPL), a subsidiary of the MS Agarwal Group and is South India’s second-largest secondary steel manufacturer, has launched ERW steel pipes with the brand name MS Vayu. As part of the expansion plan, the company will add 6 lakh metric tonnes capacity over the next five years by investing Rs2000 crore.

This will further solidify its position in the market. The company also aims to extend its manufacturing facilities to new regions in order to expand swiftly to the northern and eastern regions of the country. The company also plans to diversify its business across other segments as part of its strategic plans. In order to fuel its expansion and diversification plans, MIPPL intends to go public and issue an initial public offering (IPO) in FY26.