Latest news with #SuryaRoshni
Business Standard
2 days ago
- Business
- Business Standard
Surya Roshni spurts on bagging Rs 175-cr order for supply of spiral coated pipes
Surya Roshni surged 4.59% to Rs 342.15 after the company announced that it has secured an order worth Rs 174.78 crore from a Construction & Infrastructure company for the supply of MS Spiral Coated Pipes. In a regulatory filing, the company stated that the order will be executed within 24 weeks. Surya Roshni also clarified that none of its promoters, promoter group entities, or group companies have any financial or other interest in the awarding authority. Surya Roshni is the largest exporter of ERW pipes, largest producer of ERW GI pipes and one of the largest lighting companies in India. On a consolidated basis, Surya Roshni's net profit rose 25.18% to Rs 130.09 crore while net sales rose 3.14% to Rs 2145.83 crore in Q4 March 2025 over Q4 March 2024.
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Business Standard
2 days ago
- Business
- Business Standard
Here's why Surya Roshni share price rose over 4% in trade on July 23
Surya Roshni share price: Shares of steel pipe manufacturer and LED lighting products maker Surya Roshni were buzzing in trade on Wednesday, July 23, 2025. The company's shares surged 4.10 per cent to hit an intra-day high of ₹340.95 per share during the session. The company's shares continued to trade in positive territory. At around 2:40 PM on Wednesday, Surya Roshni shares were quoted trading at ₹336.90 per share, up 2.87 per cent from its previous close of ₹327.50 per share on the NSE. A combined total of nearly 0.5 million equity shares worth ₹15.17 crore have changed hands on the BSE and NSE so far today. The company's market capitalisation stood at ₹7,338.68 crore on the NSE as of July 23, 2025. Why Surya Roshni shares were buzzing in trade on Wednesday? The northward movement in Surya Roshni's stock price came following the news that the company has obtained an order worth ₹174.78 crore (including GST) from Construction & Infrastructure Co. for the supply of MS Spiral Coated Pipes. The order is to be executed within the next 24 weeks. About Surya Roshni Originally founded as Prakash Tubes Limited in 1973, the company was later renamed Surya Roshni Limited. It began with steel pipes and later expanded into lighting and other product categories. Surya Roshni manufactures steel pipes, including GI pipes and ERW pipes, and operates a 3LPE coating facility catering to the Oil & Gas and CGD sectors. The company also produces lighting solutions, including conventional and LED lighting products. In addition, Surya Roshni manufactures fans and home appliances such as mixer grinders and induction cooktops. It has manufacturing facilities in Kashipur (Uttarakhand) and Malanpur (Madhya Pradesh). Surya Roshni exports its products to over 50 countries. Its product portfolio includes steel pipes, lighting solutions, fans, and home appliances. Surya Roshni share price history Shares of Surya Roshni have advanced 3 per cent in the last one month, and 22 percent in the last six months. For the year-to-date, the company's shares have yielded a return of 18 per cent. In contrast, the benchmark NSE Nifty50 has advanced 6 percent YTD. Surya Roshni shares scaled their 52-week high of ₹371.98 on the NSE on October 24, 2024, while they were seen at their 52-week low of ₹212.55 on February 28, 2025.
Business Upturn
2 days ago
- Business
- Business Upturn
Surya Roshni secures Rs 74.78 crore order from Construction & Infrastructure Development
By Aditya Bhagchandani Published on July 23, 2025, 13:50 IST Surya Roshni Limited announced today (July 23, 2025) that it has received a significant order worth approximately ₹74.78 crore (including GST) from a domestic entity, Construction & Infrastructure Development Co., for the supply of MS Spiral Coated Pipes. According to the company's regulatory filing, the order is to be executed within 24 weeks and will cover deliveries within Gujarat. The order is domestic in nature, and neither the promoters nor the promoter group have any interest in the awarding entity. This also does not qualify as a related-party transaction. Surya Roshni, a leading player in steel pipes and lighting solutions, highlighted that the order strengthens its position in the infrastructure segment, particularly in Gujarat. The company assured that the transaction was secured on an arm's length basis and complies with all applicable SEBI (LODR) Regulations, 2015. The company informed the exchanges that the event took place at 12:50 PM on July 23, 2025. For official records, Bharat Bhushan Singal, CFO & Company Secretary, signed the disclosure. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
25-06-2025
- Business
- Business Standard
Surya Roshni shines bright on securing Gujarat Gas order
Surya Roshni rose 3.50% to Rs 345.65 after the company announced a fresh order win worth Rs 75.40 crore from Gujarat Gas. The company said it has received the order for the supply of 3LPE-coated ERW steel pipes under API 5L Grade X52 specifications. The order will be executed across multiple GGL locations within a 34-week period. Surya Roshni is the largest exporter of ERW pipes, largest producer of ERW GI pipes and one of the largest lighting companies in India. On a consolidated basis, Surya Roshni's net profit rose 25.18% to Rs 130.09 crore while net sales rose 3.14% to Rs 2145.83 crore in Q4 March 2025 over Q4 March 2024.
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Business Standard
25-06-2025
- Business
- Business Standard
Mukul Agrawal portfolio stock rallies 7% today; zooms 74% from April low
Share price of Surya Roshni Shares of Surya Roshni hit a seven-month high of ₹358.10, as they rallied 7 per cent on the BSE in Wednesday's intra-day trade after the company said it obtained orders worth ₹75.40 crore (with GST) from Gujarat Gas Limited (GGL) across GGL locations. The stock price of the smallcap company was trading at its highest level since November 2024. The market price of Surya Roshni has bounced back 74 per cent from its 52-week low of ₹205.40 touched on April 7, 2025. It had hit a 52-week high of ₹371.30 on October 4, 2024. Surya Roshni Secures ₹ 75.40 crore order from Gujarat Gas Surya Roshni in an exchange filing said the company secured a significant order worth ₹75.40 crore from Gujarat Gas Limited for the supply of 3LPE Coated ERW Steel Pipes across GGL locations. The order is expected to be completed within 34 weeks, potentially enhancing the company's revenue and reinforcing its reputation as a reliable supplier in the industry. Mukul Mahavir Agrawal holds over 1 per cent stake in Surya Roshni Ace Investor Mukul Mahavir Agrawal held 2.2 million equity shares representing 1.01 per cent stake in Surya Roshni as on March 31, 2025, the shareholding pattern data shows. As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds stakes in Indo Count Industries, Deepak Fertilisers & Petrochemicals Corporation, Neuland Laboratories, Radico Khaitan, Nuvama Wealth Management, BSE and PTC Industries. Surya Roshni Business Outlook Surya Roshni is entering the house wiring cables (HWC) market, driven by demand from 60 per cent of its channel partners. The company anticipates a ₹100 crore revenue in its first year of operations. As on May 14, 2025, Surya Roshni has an order book of about ₹650 crore in - hand for oil & gas sector, water sector and exports business. For FY26, Surya Roshni is targeting double-digit value growth in the Lighting and Consumer Durable division, backed by a strong product pipeline, capacity expansion, and increasing traction in premium and aspirational segments. In the steel pipes and strips business, the company is targeting a minimum sales volume of 1.06 million tons in FY26. This represents a substantial increase from FY25, driven by strong demand in infrastructure, water, and oil and gas sectors, supported by the ramp-up of the company's new spiral production facility in Gwalior and the expansion of the cold rolling project in Bahadurgarh, both of which are expected to enhance margins. About Surya Roshni Surya Roshni Limited is a company operating in the manufacturing industry, primarily focusing on producing steel pipes and lighting products. The company is known for its extensive range of products, including ERW steel pipes, which are used in various sectors such as oil and gas, water, and construction. Surya Roshni being one of the largest lighting companies in India, the lighting business manufactures an array of conventional to modern LED lighting. The consumer durable business offers a variety of Fans and home appliances. 'Surya' Brand and 'Prakash Surya' have a strong presence of more than four decades in India. It enjoys strong Pan India presence with extensive dealer network in both of its businesses i.e. Steel Pipes & Strips and Lighting & Consumer Durables.
