Surya Roshni Rises 2.7% on Demerger Reports, US Orders

Shares of Surya Roshni Limited touched a day high of Rs 245.35 on NSE on 19 May, gaining 2.7% after reports emerged that the company is exploring a split of its two main businesses, with a fresh batch of US export orders adding to the positive mood.

According to media reports, the company is considering separating its lighting and consumer products business from its steel pipes and strips division. 

If it happens, the two units could potentially operate as independent entities. The idea is that running them apart could allow each business to grow on its own terms without being tied together.

Surya Roshni has not made any official statement confirming this. No board meeting notice or exchange filing has been issued. The reports are unconfirmed, and the company has not responded to queries on the matter.

On firmer ground are two export orders the company disclosed recently. Surya Roshni secured contracts from US-based buyers worth a combined Rs 86 crore. The larger one, at Rs 68.11 crore, covers the supply of ERW steel pipes along with OCTG casing and tubing. 

The second, worth Rs 17.89 crore, is for ERW carbon steel pipes. Both are scheduled for completion by June 2026. Customer names were not disclosed in the filing.

Founded in 1973, Surya Roshni is one of India’s largest exporters of ERW pipes and a major producer of GI pipes. 

In Q3 FY26, the company reported revenue of Rs 1,927.49 crore, up 3.18% year-on-year, though net profit slipped 11.35% to Rs 79.69 crore.

At 12:59 pm on NSE, shares were trading at Rs 242.50, up 1.49% on the day. The stock’s 52-week range runs from Rs 187.35 to Rs 359.00.

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