Having fared well in the lighting division Surya Roshni Limited has plans to venture into the real estate sector.

Mr Jai Prakash Aggarwal CMD of Surya Roshni Limited maintained that the company had plans for the real estate sector. Although the company had ventured into real estate a few years back, it was not much eager to start any major activity considering the tumultuous times the real estate sector had been facing.

Refusing to divulge the exact time when the company would be launching its real estate ventures, Mr Aggarwal maintained that it would be exploring all sectors spanning real estate activities. The company would float a separate subsidiary to look into the real estate division.

Commenting on future plans, Mr Aggarwal said that Surya group was aiming to become a INR 5000 crore company by 2011-12 after all the expansions. The group reported a turnover of INR 1,750 crore for the year ending March 2009. The company also intends to set up a steel plant in Karnataka.

(Sourced from Business Standard)