Surya Roshni Bags ₹119.71 Crore Deal for Chittorgarh Project
Explore the recent developments of Surya Roshni Limited, a leading Indian multinational that has secured a significant order for the supply of MS Coated pipes. Learn about their Q3 results, share price, and the impact of this new order on the company and the industry. Dive into the details of spirally welded pipes and the growing infrastructure development in Chittorgarh, Rajasthan. Discover the future prospects of India’s manufacturing sector.
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Introduction
Surya Roshni Limited, a leading Indian multinational, has recently made headlines by securing a significant order for the supply of MS Coated pipes¹. This development not only marks a significant milestone for the company but also underscores the growing importance of the manufacturing sector in India's economy.
A Brief Overview of Surya Roshni Limited
Established on October 17, 1973, Surya Roshni Limited is a public limited company based in Bahadurgarh, Haryana. The company has made its mark in the industry with its diverse product portfolio, which includes steel pipes, lighting products, fans, home appliances, and PVC pipes.
Q3 Results and Share Price Details
Surya Roshni reported a muted growth in consolidated net profit at Rs 90.10 crore in the third quarter ended December 2023¹². The company's revenue from operations was down 4.13 per cent to Rs 1,937.80 crore during the quarter under review¹². The company's share price as of February 12, 2024, was INR 612.55⁵.
Surya Roshni Secures ₹119.71 Crore Order for MS Coated Pipes in Chittorgarh
Surya Roshni has recently obtained an order amounting to INR 119.71 crore for the supply of MS Coated pipes¹. These pipes, also known as Mild Steel pipes, are manufactured using low carbon steel¹³⁴. They are widely used in several industries and various engineering applications such as plumbing, firefighting, heating, ventilation, and air conditioning³⁴.
Understanding Spirally Welded Pipes
The pipes in question are spirally welded⁵⁷⁸⁹. This manufacturing process involves forming a continuous spiral seam along the length of the pipe⁵⁷⁸⁹. The result is a strong, durable, and cost-effective solution widely used in various industries for fluid transportation, structural applications, and more⁵.
The Execution Location and Timeline
The order is to be executed in Chittorgarh, Rajasthan, a city known for its rich history and the majestic Chittorgarh Fort. The time period for the execution of the order is 12 weeks. The location signifies the growing infrastructure development in the region.
The Impact on Surya Roshni and the Industry
This new order is a testament to Surya Roshni's commitment to quality and its ability to meet the demands of diverse industries. It also signifies a positive trend in the infrastructure sector, indicating robust demand for high-quality pipes.
Looking Ahead: Future Prospects
With the right measures and rigorous execution, India’s manufacturing sector can reach $4.5 trillion, taking its GDP share to 22 percent. This presents a significant opportunity for Surya Roshni to expand its operations and contribute to the growth of the manufacturing sector in India.
Conclusion
In conclusion, Surya Roshni's recent achievement is a shining example of the company's dedication to excellence and its ability to deliver on its promises. It is a story of success that illuminates the path for others in the industry to follow.
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