Surya Roshni Share Price in Focus on ₹116.15 Crore Order from GAIL India

On April 3, 2025, Surya Roshni Limited announced that it has secured an order worth ₹116.15 crore (inclusive of GST) from GAIL India Limited. The disclosure was made through an exchange filing in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As of 10:30 AM on April 4, 2025, Surya Roshni share price was trading at ₹255.78, while GAIL (India) share price was at ₹178.70.

Scope of the Order

The order involves the supply of High-Frequency Welded (HFW) coated pipes. Specifically, the order includes HFW pipes of dimensions 355.60 mm outer diameter with wall thicknesses of 8.7 mm and 10.3 mm. These pipes are to be manufactured to Grade X-70, PSL-2 standards.

The total time allotted for the execution of the order is 39 weeks. Delivery and completion of the order will occur within this specified period. The contract is classified as a domestic order. There is no international component involved in the agreement.

Project Locations

The pipes will be used for projects located in Madhya Pradesh and Uttar Pradesh. Both states are within India, making the order a domestic contract.

The customer awarding the contract is GAIL India Limited, a public sector undertaking (PSU). The order is for the supply of coated pipes and does not involve any services outside of product delivery.

Promoter and Related Party Disclosure

The company has confirmed that neither the promoter nor the promoter group has any interest in GAIL India Limited. Additionally, the transaction does not fall under the category of related party transactions.

Conclusion

The ₹116.15 crore order from GAIL India involves the supply of coated pipes over a 39-week timeline for domestic infrastructure projects. The contract is not a related party transaction and is fully domestic in nature.

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