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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%.
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.
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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%.
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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 |
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.
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