Surya Roshni Ltd commences commercial production of second line for manufacturing 3LPE Coated Pipes

Surya Roshni Ltd has announced that the Commercial Production of second line for manufacturing of 3LPE Coated Pipes at Anjar-Kutch (Gujarat) with an installed capacity of 9 Lakh square meter per annum bas been commenced on 31st March, 2021 which is over and above the existing installed capacity of 18,50,000 Sq. mtr.

With the commencement of the aforesaid second 3LPE Coating line under the approved expansion programme, the Company will be benefitted by higher capacity utilization of its existing Spiral and ERW API Pipes facilities with increase in the share of high value added pipes and achieve savings in logistic & coating charges. This shall further be leveraging the presence of the Company in the domestic as well as Global 3LPE Coated Steel Pipes for Oil and Gas (including CGD) sector, leading to improvement in top and bottom line of the Company.

Shares of SURYA ROSHNI LTD. was last trading in BSE at Rs.358.3 as compared to the previous close of Rs. 347.25. The total number of shares traded during the day was 70713 in over 1365 trades.

The stock hit an intraday high of Rs. 360 and intraday low of 343. The net turnover during the day was Rs. 24946898.

Source : Equity Bulls

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