BAJAJ BROKING

Notification
No new Notification messages
Sat Kartar Shopping IPO is Open!
Apply for the Sat Kartar Shopping IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Surya Roshni Secures ₹81.47 Crore Order from BPCL for CGD Project

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Surya Roshni Ltd. received a ₹81.47 crore order from BPCL for CGD project across India. The order involves API SL PSL2 LPE-coated pipes, expected to complete in 16 weeks. Shares closed at ₹256.15, down 0.16%.

Surya Roshni Ltd. news today

Lighting and pipe manufacturer Surya Roshni Ltd. announced on Thursday that it secured a ₹81.47 crore order (including GST) from Bharat Petroleum Corporation Ltd. (BPCL) for a city gas distribution (CGD) project on a pan-India basis. The order involves the supply of API SL PSL2 LPE-coated line pipes ranging from 4-inch to 16-inch diameters. The project is expected to be completed within 16 weeks, marking another significant milestone for the company.

Also read: Swiggy Instamart Expands to 75+ Cities, Launching Standalone App

SURYA ROSHNI LTD

Trade

251.55-4.19 (-1.63 %)

Updated - 10 January 2025
270.05day high
DAY HIGH
249.60day low
DAY LOW
1128612
VOLUME (BSE)

Key takeaways

  • Order Value: ₹81.47 crore (including GST).

  • Client: Bharat Petroleum Corporation Ltd. (BPCL).

  • Project Type: City gas distribution (CGD).

  • Pipe Specifications: API SL PSL2 LPE-coated, 4-16 inches in diameter.

  • Execution Timeline: 16 weeks.

  • Surya Roshni Ltd. share price: Closed at ₹256.15, down 0.16%.

Also read: Polyplex Corporation to Invest ₹558 Crore in New BOPET Film Plant

Past achievements boost confidence

In November, Surya Roshni Ltd. secured orders worth ₹214.68 crore, including a ₹106.01 crore contract from Hindustan Petroleum Corporation Ltd. (HPCL) for coated pipes in Rajasthan and Jharkhand. Additionally, it obtained a ₹108.67 crore order for spirally welded pipes in Madhya Pradesh. These projects, with timelines ranging from 15 to 40 weeks, showcase the company's strong execution capabilities.

Order Details

Value (₹)

Client

Project Location

Timeline

BPCL CGD Project

81.47 crore

BPCL

Pan-India

16 weeks

HPCL Pipe Supply

106.01 crore

HPCL

Rajasthan & Jharkhand

40 weeks

Spirally Welded Pipes

108.67 crore

Domestic Entity

Madhya Pradesh

15 weeks

Surya Roshni's market impact

The steady stream of orders strengthens Surya Roshni Ltd.’s position in the pipe manufacturing sector. Despite securing large projects, Surya Roshni Ltd. share price fell slightly, closing at ₹256.15, down 0.16%. Investors remain watchful of its execution timelines and future order pipeline.

Surya Roshni’s focus on delivering high-quality, timely projects continues to solidify its market standing and enhance its growth prospects.

Also read: Equitas Small Finance Bank Hikes Savings Account Interest Rates

Do you have a trading account app or demat account app?

You can open an account with Bajaj Broking in minutes.

Download the Bajaj Broking app now from Play Store or App Store.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹5300+ Cr MTF Book

icon-with-text