The Board of Directors of Hariom Pipe Industries Limited at its meeting held on October 19, 2022 has accepted sanction letter dated September 22, 2022 received from Canara Bank after certain modifications in the terms & Conditions with regards to enhancement of Working Capital Limits from INR 495.0 million to INR 1,495.0 million and Fresh Term Loan of INR 940.2 million for cold rolled steel mill and galvanized pipe mill projects.