Surya Roshni Shares Rise 2.6% After ₹86 Cr US Export Order Win

Synopsis: Surya Roshni has secured two significant export contracts from the United States totaling Rs. 86 crore. The orders involve the supply of high-grade steel pipes and tubing, marking a strong move for India’s largest ERW pipe exporter to expand its footprint in the North American energy sector.

On April 28, 2026, Surya Roshni Limited announced it had bagged two distinct export orders from international entities in the USA, with execution scheduled for completion by June 2026.

The primary contract, valued at Rs. 68.11 crore, involves the supply of Electric Resistance Welded (ERW) steel and Oil Country Tubular Goods (OCTG) casing and tubing of API 5CT grade. A second contract, worth Rs. 17.89 crore, focuses on the supply of ERW carbon steel pipes of API 5L grade. 

These agreements reinforce the company’s status as a top-tier global supplier of specialized steel products, particularly for the demanding requirements of international oil and gas infrastructure.

The new order inflow comes at a time when the company is navigating a mixed fiscal landscape. In Q3 FY26, Surya Roshni reported a steady top-line performance with revenue from operations rising 3.18% year-on-year to reach Rs. 1,927.49 crore. 

While consolidated net profit experienced an 11.35% dip to Rs. 79.69 crore compared to the same quarter in the previous year, the company is actively mitigating margin pressures by shifting its focus toward high-margin, value-added products. This strategy includes scaling the production of 3LPE coated pipes and alkyd pipes, which are designed to serve specialized industrial needs and improve overall profitability.

The stock market reacted positively to the news of the export win during the early trading session on April 28, 2026. Shares of Surya Roshni climbed 2.57% to reach Rs. 244.99, outperforming the broader market benchmarks. 

The stock hit an intraday high of Rs. 246.79, continuing a strong recovery trend that has seen the share price gain over 17% throughout the month. With a total market capitalization of over Rs. 7,500 crore, the company maintains its position as a dominant mid-cap player with high investor interest in its dual business segments of steel and lighting.

About the Company

Founded in 1973, Surya Roshni Limited is a diversified industrial leader and currently stands as India’s largest exporter of ERW pipes and the country’s premier producer of Galvanized (GI) pipes. Beyond its steel operations, the company is a household name in the lighting industry, where it ranks as the second-largest manufacturer in India. Its integrated business model spans from heavy engineering products for global infrastructure to consumer-facing lighting and durables, consistently prioritizing tech-driven and sustainable solutions.

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