Synopsis: This small-cap steel pipe stock was in the news following the Rs 168.71 crore order it bagged from an undisclosed entity for the supply of submerged arc welded (SAW) mild steel pipes. This highlights the company’s presence in the pipe segment. Let us see in detail about the order.

The shares of this company, which has emerged as India’s largest ERW pipes exporter, the largest GI pipes producer, and the second largest in the lighting segment and has a focus on developing the value-added product mix (3LPE-coated pipes, alkyd pipes, etc.), were in the spotlight after the company announced its bagging of this order.

With the market cap of Rs 5,582 crore, the shares of Surya Roshni Ltd had hit their intraday high at Rs 258.50, rising by about 3 per cent compared to their previou

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