Surya Roshni shines on getting nod to set up HWC manufacturing plant at Malanpur facility
Surya Roshni is currently trading at Rs. 263.60, up by 8.10 points or 3.17% from its previous closing of Rs. 255.50 on the BSE.
The scrip opened at Rs. 255.00 and has touched a high and low of Rs. 265.95 and Rs. 253.15 respectively. So far 13435 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 397.50 on 07-Feb-2024 and a 52 week low of Rs. 230.95 on 14-Jan-2025.
Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 252.60 respectively. The current market cap of the company is Rs. 5729.26 crore.
The promoters holding in the company stood at 62.47%, while Institutions and Non-Institutions held 5.91% and 31.62% respectively.
Surya Roshni has received approval for investment of Rs 25 crore to set up plant for manufacturing of House Wiring Cables (HWC) at its existing Malanpur (Gwalior) facility. The plant with a capacity of 4500 lakh metre per annum will be commissioned in two phases. Phase 1 is likely to be commissioned by end of H1FY26 and phase 2 by the H1FY27. The required investment will be funded by internal accruals. The Board of Directors of the company at its meeting held on February 06, 2025, inter-alia, has considered and approved the same.
The setting-up of manufacturing of House wiring Cables (HWC) for residential and commercial buildings of specified sizes and categorized viz. FR, FRLSH, ZI IFR, Hf-FR categories manufactured through state-of-the-art machines, leveraging company’s existing and other resources both in manufacturing and sales operations.
Surya Roshni business interests are broadly aligned into two areas: steel pipes & strips and lighting & consumer durables.
