India’s leading pipe maker Surya Roshni’s board of directors have approved setting up of new steel pipe plant for manufacturing of GP, CR coil & pipe at Hindupur in Andhra Pradesh.Proposed capacity addition - 72000 tonne per annumSchedule of Commissioning - By March 2024Investment – INR 175 croreMode of financing - Internal AccrualsSurya Roshni said “The rationale behind setting-up of the new plant is to go for the backward integration of GP and CR Coil & Pipes, to ensure timely availability of GP coil & CR coil at lower cost through in-house production, which enable the Company to increase its production of GP Pipes and to eater the increasing demand of ERW Steel Pipes Black, Galvanized & Pre-Galvanized GP Pipe in Southern India market. With the setting-up of the new plant, the share of high value added pipes shall further increase resulting into creation of a much larger and stronger steel pipes business with economics of scale.With 49 years of Prakash Surya Brand presence in India, Surya Roshni is a leading manufacturer of Structural, Gl, API Grade & Spiral pipes and CR Strips with1.276 million tonne per annum capacity including 0.961 million tonne per annum of ERW Pipes, 0. 2 million tonne per annum of Spiral Pipes and 0.115 million tonne per annum of CR with4 manufacturing locations in Haryana, Madhya Pradesh, Gujarat & Andhra Pradesh
India’s leading pipe maker Surya Roshni’s board of directors have approved setting up of new steel pipe plant for manufacturing of GP, CR coil & pipe at Hindupur in Andhra Pradesh.Proposed capacity addition - 72000 tonne per annumSchedule of Commissioning - By March 2024Investment – INR 175 croreMode of financing - Internal AccrualsSurya Roshni said “The rationale behind setting-up of the new plant is to go for the backward integration of GP and CR Coil & Pipes, to ensure timely availability of GP coil & CR coil at lower cost through in-house production, which enable the Company to increase its production of GP Pipes and to eater the increasing demand of ERW Steel Pipes Black, Galvanized & Pre-Galvanized GP Pipe in Southern India market. With the setting-up of the new plant, the share of high value added pipes shall further increase resulting into creation of a much larger and stronger steel pipes business with economics of scale.With 49 years of Prakash Surya Brand presence in India, Surya Roshni is a leading manufacturer of Structural, Gl, API Grade & Spiral pipes and CR Strips with1.276 million tonne per annum capacity including 0.961 million tonne per annum of ERW Pipes, 0. 2 million tonne per annum of Spiral Pipes and 0.115 million tonne per annum of CR with4 manufacturing locations in Haryana, Madhya Pradesh, Gujarat & Andhra Pradesh
