The Board of Directors of Surya Roshni Limited at its meeting held on January 18, 2023, approved: "Setting up of new Steel pipe plant for manufacturing of GP and CR coil /pipe at Hindupur, Andhra Pradesh". Proposed capacity addition: 72,000 metric-ton per annum. Schedule of Commissioning: By March, 2024.

Investment required: INR 750 million. Mode of financing: Internal Accruals. The rationale behind setting-up of the new plant is to go for the backward integration of GP and CR Coil /Pipe, 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 cater the increasing demand of its products viz.

ERW Steel Pipes Black, Galvanised & Pre- Galvanised 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 economies of scale.