Shares of Surya Roshni hit a 14-month high of Rs 711.35, as they surged 10 per cent on the BSE in Friday's intra-day trade in an otherwise subdued market.
Agrawal joins Surya from Luminous Power Technology Pvt Ltd, where he was senior vice president and responsible for the company's home electrical business
As the company's major sales comes from rural, semi urban & exports; Going forward, the management expects home appliances and pipe segments to perform well back by various government initiatives.
APL Apollo said Q3FY22 sales volume of 402,729 tons declined QoQ due to channel de-stocking in anticipation of steel price correction and extended monsoons, which impacted the construction activity.
With a focus on improvement in product mix in steel pipes segment, the broking firm IDBI Capital expect Surya Roshni's margins to improve over the next two-three years
The company has obtained order amounted to Rs. 170.52 crore (excluding GST) for supply of coated line pipes to lndradhanush Gas Grid Limited (IGGL) for NorthEast gas grid pipeline project
The company has obtained orders aggregating to Rs 72.62 crore for supply of API 5L Grade 3LPE Coated and bare Pipes to Indian Oil Corporation for gas pipeline projects in Bihar & Tamil Nadu
The company has obtained orders aggregating to Rs 272.86 crore (excluding GST) for the supply of coated API line pipes to GAIL and Indradhanush Gas Grid for North-East gas grid pipe line projects
The hits a record high of Rs 522, up 12% on BSE in intra-day trade after the company said it has received an order worth of Rs 839 million for supply of LED street and tube lights.
