The company announced that it has received a total order of Rs 96.39 crore from Hindustan Petroleum Corporation for city gas distribution (CGD) projects in three states: Rajasthan, Bihar, Jharkhand, and West Bengal. The contract for the supply of 3LPE coated steel pipes must be completed within 8.5 months.
Surya Roshni is the world’s largest GI steel pipe manufacturer and the second largest lighting product manufacturer, as well as a manufacturing conglomerate with interests in steel pipes, cold rolled sheets and 3LPE coated API pipes, LED and conventional lighting products, fans, electric appliances, PVC pipes, and other products. In Q3 FY23, the company’s consolidated net profit increased by 121.4% to Rs 89.66 crore, up from Rs 40.49 crore in Q3 FY22. In Q3 FY23, net sales fell 0.4% year on year to Rs 2021.28 crore.