Surya Roshni Shares Soars 3% on Securing Rs 96 Crore Steel Pipes Order

Surya Roshni has secured an order for the supply of coated steel pipes from HPCL.

On Tuesday, Surya Roshni shares rose more than 3% in the initial trade after the company declared it had received an order from Hindustan Petroleum Corporation to supply 3LPE-coated steel pipes.

The order costing Rs 96.39 crore is for Hindustan Petroleum Corporation Limited’s (HPCL) City Gas Distribution (CGD) assignments in Rajasthan, Jharkhand, Bihar, and West Bengal. The order is to be implemented within 8.5 months.

At 9:28 am, Surya Roshni quoted Rs 668.80, up Rs 11.60, or 1.77%, on the BSE. Shares of the company touched a 52-week high of Rs 741.25 and a 52-week low of Rs 336.05 on March 6, 2023, and August 16, 2022, individually.

It is trading at 9.77% below its 52-week high and 99.02% above its 52-week low.

Shares are up 33% in the first three months and 81% in the past nine.

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