Surya Roshni bags a major order for MS coated pipes

Established in 1973, Surya Roshni Limited has cemented its position as India’s foremost exporter of ERW Pipes, the largest producer of GI Pipes, and the second-largest player in the lighting segment. With a strong focus on value-added products like 3LPE-coated pipes and Alkyd pipes, Surya Roshni Limited boasts a stellar brand reputation.

It leads the market in manufacturing ERW GI Pipes, capturing 60% of the export market share and maintaining leadership in South India while ranking among the top three in North India for GI Pipes.

It has received a significant order worth Rs 119.71 crore (including GST) from a domestic entity. This contract involves the supply of MS Coated Pipes (Spirally Welded) as per specified requirements.

Key Details of the Order

• Order Value: Rs 119.71 crore (including GST)
• Product: MS Coated Pipes (Spirally Welded)
• Delivery Timeline: 12 weeks
• Client: Domestic Entity (details not disclosed)

What This Means for Surya Roshni

This order is a positive development for Surya Roshni, as it indicates continued demand for the company’s steel pipes products. The sizeable value of the contract also suggests that the company is well-positioned to cater to large-scale projects.

Financials

Looking Ahead

The timely execution of this order will be crucial for Surya Roshni to maintain its positive momentum. The company’s ability to deliver high-quality products on time and within budget will further strengthen its reputation in the steel pipes industry.

Additional Insights

• This order comes at a time when the Indian government is focusing on infrastructure development, which is expected to boost demand for steel pipes.
• Surya Roshni has a strong track record of fulfilling large orders, and this latest contract is likely to enhance its order book and financial position.
• The company’s focus on innovation and product development is expected to help it maintain its competitive edge in the market.
• The stock price stood at Rs 612.55 per share, marking a decrease of 7.36% for the day.

Conclusion

The Rs 119.71 crore order win is a significant development for Surya Roshni Ltd. This contract underscores the company’s strong position in the steel pipes industry and its ability to cater to large-scale projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.