Surya Roshni bags order worth Rs 53 crore from GAIL

9 May 2022 , 10:41 AM

The order is for the supply of API- 5L Grade X 70 3LPE coated pipes. The order is to be executed within 8 months. Surya Roshni is engaged in the manufacturing of lighting & consumer durables business like fans and home appliances. It also has a stronghold in the steel pipes & strips business. The company is the largest manufacturer of galvanized iron (GI) pipes in India and is the largest exporter of electrical resistance welding (ERW) pipes. The companys consolidated net profit declined 27.20% to Rs 40.49 crore on a 28.65% rise in sales to Rs 2,030.30 crore in Q3 FY22 over Q3 FY21. The scrip shed 1.62% to currently trade at Rs 404.95 on the BSE.Powered by Capital Market – Live News