Surya Roshni Secures ₹86 Crore Export Orders from the USA
Surya Roshni secures export orders worth Rs 86 crore from USA
Business Standard
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Surya Roshni, India's largest ERW pipes exporter, has secured two export orders worth ₹86 crore (approximately $10.4 million USD) from the United States. The orders include supply contracts for ERW steel and carbon steel pipes, to be executed by June 2026, despite a recent decline in net profit.
- 01Surya Roshni secured two export orders totaling ₹86 crore from the USA.
- 02The first order is valued at ₹68.11 crore for ERW steel and OCTG casing & tubing.
- 03The second order, worth ₹17.89 crore, is for ERW carbon steel pipes.
- 04The company reported an 11.35% decline in net profit for Q3 FY26.
- 05Shares of Surya Roshni rose 1.53% following the announcement.
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Surya Roshni, established in 1973 and recognized as India's largest exporter of ERW pipes, has announced securing two significant export orders from the United States, totaling ₹86 crore (approximately $10.4 million USD). The first order, valued at ₹68.11 crore, involves the supply of ERW steel and OCTG casing & tubing of API SCT grade, while the second order, worth ₹17.89 crore, is for ERW carbon steel pipes of API SL grade. Both contracts are to be executed by June 2026 and are from undisclosed international entities. Despite these positive developments, the company reported an 11.35% decline in consolidated net profit, which fell to ₹79.69 crore in Q3 FY26 compared to ₹89.9 crore in Q3 FY25. However, revenue from operations increased by 3.18% year on year, reaching ₹1,927.49 crore in Q3 FY26. Following the announcement of the export orders, Surya Roshni's shares rose by 1.53%, closing at ₹238.80 on the Bombay Stock Exchange (BSE).
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The secured export orders are expected to enhance Surya Roshni's revenue streams, potentially stabilizing its financial performance despite recent profit declines.
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