Surya Roshni rose 2.58% to Rs 343.45 after the company said it received an order worth Rs 72.62 crore for API coated grade pipes from Indian Oil Corporation.
Surya Roshni in a regulatory filing on Friday (18 December 2020) announced that it has bagged a Rs 72.62 crore order for supplying API 5L Grade 3LPE coated and bare pipes to Indian Oil Corporation for a gas pipeline project. The order is to be executed in eight months.Surya Roshni manufactures cold rolled steel strips, pipes and tubes, in addition to lamps and other lighting accessories.
On a consolidated basis, the company's net profit jumped 86.5% to Rs 41.92 crore on a 3.9% rise in net sales to Rs 1374.24 crore in Q2 September 2020 over Q2 September 2019.
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