Surya Roshni earmarks Rs 100 cr investment for new unit in Karnataka

MUMBAI: Surya Roshni, the flagship company of Surya Group, has earmarked an investment of Rs 100 crore to produce both pipes and lighting products at Shimoga in Karnataka.

"As part of our ambitious growth plan, we are investing Rs 100 crore to produce both pipes and lighting products at Shimoga in Karnataka. Production is set to begin by the start of the next financial year," Surya Group's executive director, Utkarsh Dwivedi said in Mumbai.

Surya Roshni as the biggest G I pipes producer in the country has steel pipe manufacturing units spread across a number of locations such as Bahadurgarh in Haryana, Gwalior in Madhya Pradesh, Bhuj in Gujarat and the new one in Shimoga.

Surya Roshni has recently set up a new pipe manufacturing unit at Kutch in Gujarat involving an investment of Rs 450 crore, Dwivedi said.

The company's quest for expansion of its production facilities for steel pipes is an ongoing process to meet rising demand. The plants at Bahadurgarh will augment G I capacity to meet increasing demand and it has installed a gas generator set from the UK to ensure continuous electricity supply.