Surya Roshni Secures ₹214.68 Cr Orders Including Major HPCL Contract
Team Finance Saathi
27/Nov/2024

What's Covered under the Article:
- Surya Roshni received ₹214.68 crore worth of orders, including ₹106.01 crore from HPCL.
- Orders include 3LPE coated line pipes and spirally welded MS pipes for major projects.
- The contracts will be executed in Rajasthan, Jharkhand, and Madhya Pradesh within specified timelines.
Surya Roshni Limited, a leading manufacturer of steel pipes and home lighting solutions, has recently secured significant orders amounting to ₹214.68 crore (including GST). The orders include one from Hindustan Petroleum Corporation Limited (HPCL) for the supply of API SL PSL-2, XS2 Grade 3LPE Coated Line Pipes for two key locations: Rajasthan and Jharkhand. The value of this order is ₹106.01 crore, highlighting Surya Roshni's continued strength in the supply of critical infrastructure materials. The company also received another substantial order from a domestic entity, valued at ₹108.67 crore. This order pertains to the supply of food-grade epoxy coated, spirally welded HSAW MS pipes for a project in Madhya Pradesh.
Overview of the Orders
The order from HPCL is for the supply of high-grade 3LPE coated line pipes to be used in the Rajasthan and Jharkhand regions. This project is part of HPCL’s broader initiative to improve infrastructure and transportation systems, particularly in areas requiring durable and corrosion-resistant pipes for oil and gas transportation. Surya Roshni’s involvement in this project further strengthens its reputation in the industrial and energy sectors, particularly with its expertise in coated line pipes.
The second order, valued at ₹108.67 crore, involves the supply of food-grade epoxy-coated pipes for a project in Madhya Pradesh. These pipes are used in industries that require high-quality, non-reactive materials for the transportation of food products, further diversifying Surya Roshni’s product portfolio in both industrial and food processing sectors.
Both orders are notable for their size and scope, with the HPCL order slated for completion in 40 weeks, while the Madhya Pradesh order is expected to be delivered within 16 weeks. These significant contracts are expected to contribute to the company’s revenue growth in the coming quarters, further bolstering Surya Roshni’s position in the domestic market.
Strategic Impact on Surya Roshni
These new orders reflect Surya Roshni’s consistent performance and ability to secure large-scale contracts in a highly competitive industry. The company’s expertise in manufacturing coated pipes and its ability to meet stringent specifications have made it a preferred supplier for major corporations like HPCL. The successful securing of these orders is expected to enhance Surya Roshni’s market visibility and reputation in the steel pipe manufacturing sector.
Furthermore, the food-grade epoxy coated pipes supplied to Madhya Pradesh reinforce Surya Roshni’s expanding footprint in specialized industries, showcasing its ability to diversify and innovate. The combination of both domestic and industrial clients in the orders also demonstrates the company’s capacity to serve a broad spectrum of sectors, from energy to food processing.
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Looking Ahead
Surya Roshni’s ability to secure such large orders, including a significant contract with a reputed PSU like HPCL, positions the company as a major player in the steel pipes and coated pipes market. As India continues to invest in infrastructure and energy projects, the demand for high-quality pipes and related products is expected to grow, and Surya Roshni is well-placed to capitalize on this opportunity.
The company’s orders for both coated line pipes and food-grade epoxy-coated pipes not only reflect the diversity of its product range but also its ability to cater to the evolving needs of the market. The delivery timelines for these orders—ranging from 16 weeks to 40 weeks—demonstrate Surya Roshni’s ability to meet tight deadlines while maintaining the quality standards expected by its clients.
For investors and stakeholders, the growth prospects for Surya Roshni remain strong, with its expanding order book and consistent ability to secure large contracts. This update serves as a reminder of the company’s solid standing in the steel and pipe manufacturing industry, offering further confidence in its continued growth.
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