<p>India’s leading producer & exporter of ERW pipes Surya Roshni Limited has clocked resilient performance in its financial results for Q3 2022 and nine months ended 31 December 2021, driven by steel pipe business. In the Steel Pipes and Strips Business, the company witnessed a growth of 37% YoY in revenue, driven by higher steel prices and a consistent increased share of margin accretive API pipes and exports. There has been a substantial 40% volume growth registered in value-added products and markets, including API & spiral pipes, actual users and exports.</p><p>The company witnessed a strong export order book at 32,000 tonnes as of 31st December 2021, whereas the API coated pipes order book stood at 50,000 tonnes during the same period. Going forward, the focus remains on increasing the share of value-added products like GI pipes, API coated pipes and exports in steel pipes and strips.</p><p>The company commissioned a large-dia section pipe facility with Direct Forming Technology at Gwalior by the end of FY22. It is targeting a healthy revenue mix from Domestic and Exports markets.</p>
<p>India’s leading producer & exporter of ERW pipes Surya Roshni Limited has clocked resilient performance in its financial results for Q3 2022 and nine months ended 31 December 2021, driven by steel pipe business. In the Steel Pipes and Strips Business, the company witnessed a growth of 37% YoY in revenue, driven by higher steel prices and a consistent increased share of margin accretive API pipes and exports. There has been a substantial 40% volume growth registered in value-added products and markets, including API & spiral pipes, actual users and exports.</p><p>The company witnessed a strong export order book at 32,000 tonnes as of 31st December 2021, whereas the API coated pipes order book stood at 50,000 tonnes during the same period. Going forward, the focus remains on increasing the share of value-added products like GI pipes, API coated pipes and exports in steel pipes and strips.</p><p>The company commissioned a large-dia section pipe facility with Direct Forming Technology at Gwalior by the end of FY22. It is targeting a healthy revenue mix from Domestic and Exports markets.</p>
