Shares of Surya Roshni Restricted touched a day excessive of Rs 245.35 on NSE on 19 Might, gaining 2.7% after studies emerged that the corporate is exploring a break up of its two essential companies, with a contemporary batch of US export orders including to the optimistic temper.
In line with media studies, the corporate is contemplating separating its lighting and client merchandise enterprise from its metal pipes and strips division.
If it occurs, the 2 items might probably function as impartial entities. The concept is that working them aside might permit every enterprise to develop by itself phrases with out being tied collectively.
Surya Roshni has not made any official assertion confirming this. No board assembly discover or change submitting has been issued. The studies are unconfirmed, and the corporate has not responded to queries on the matter.
On firmer floor are two export orders the corporate disclosed just lately. Surya Roshni secured contracts from US-based consumers value a mixed Rs 86 crore. The bigger one, at Rs 68.11 crore, covers the provision of ERW metal pipes together with OCTG casing and tubing.
The second, value Rs 17.89 crore, is for ERW carbon metal pipes. Each are scheduled for completion by June 2026. Buyer names weren’t disclosed within the submitting.
Based in 1973, Surya Roshni is one in all India’s largest exporters of ERW pipes and a serious producer of GI pipes.
In Q3 FY26, the corporate reported income of Rs 1,927.49 crore, up 3.18% year-on-year, although internet revenue slipped 11.35% to Rs 79.69 crore.
At 12:59 pm on NSE, shares have been buying and selling at Rs 242.50, up 1.49% on the day. The inventory’s 52-week vary runs from Rs 187.35 to Rs 359.00.
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