HPCL has placed an order worth Rs 106.01 crore. The said order involves the supply of 8 inch API 5L PSL-2, X52 grade 3LPE coated line pipes. These pipes will be used for projects in Jaipur, Rajasthan, and Ranchi, Jharkhand. The completion of the order is expected within 40 weeks.
A domestic entity has placed an order worth Rs 108.67 crore. This order includes the supply of food-grade epoxy-coated, spirally welded HSAW MS pipes for a project in Madhya Pradesh. The order is expected to be fulfilled within 15 weeks.
Surya Roshni is a diversified Indian company with a strong presence in the steel pipes & strips and lighting & consumer durables businesses. The company has grown to become the largest manufacturer of GI pipes in India and a major exporter of ERW pipes. In addition to steel products, Surya Roshni offers a wide range of lighting solutions, including conventional and LED lighting, as well as consumer durables like fans and home appliances.
On a consolidated basis, net profit of Surya Roshni fell 55% to Rs 34 crore on 20% decline in net sales to Rs 1,529 crore in Q2 September 2024 over Q2 September 2023.