Online edition of India's National Newspaper
Thursday, Jun 10, 2010
ePaper | Mobile/PDA Version
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Business Printer Friendly Page   Send this Article to a Friend

Surya Roshni to set up steel pipe plant in Shimoga

Corporate Reporter

CHENNAI:Surya Roshni, the largest manufacturer and exporter of GI pipes and flagship company of Surya group, is planning to set up a steel pipe plant and a lighting products facility in Shimoga, Karnataka.

Addressing a press conference here on Wednesday, Aravind Bansal, Deputy Managing Director, said the setting up of steel pipe plant and lighting unit with an outlay of Rs. 100 crore was part of the company's expansion plans in infrastructure, steel, cement, power, and PVC pipes in Gujarat, Madhya Pradesh, Chhattisgarh and Uttarakhand.

The group had recently had undertaken an expansion of Rs. 550 crore mainly in steel pipes for water, oil and gas and also for lighting which was expected to generate employment for over 6,000 people

The company was producing more than two-lakh tonne pipes. The company was exporting to 40 countries, including the U.S. and Europe.

In the year ended March 31, 2010, the company reported net sales of Rs. 1,938.93 crore against Rs. 1,690.59 crore in the corresponding period in the previous year. The net profit had improved to Rs. 45.17 crore from Rs. 21.54 crore. The board had recommended a dividend of Rs. 2 per share of Rs. 10 each for 2009-10.

Mr. Bansal was here in connection with the launching of company's programme to educate consumers on the hazards of using spurious pipes. He said spurious pipes would last for only two to three years as compared to 30 years for pipes produced as per prescribed norms. The sale of spurious pipes comprised over 30 per cent of the total steel pipe market.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu