Suraj Ltd to Boost Manufacturing Capacity for Pipes and Tubes
Suraj Ltd announced plans for a significant capacity expansion project aimed at enhancing its manufacturing capabilities, specifically targeting up to 170 mm OD pipes.The details of the proposed expansion are outlined in a report concerning the company's ongoing manufacturing processes. The existing capacity for the company is reported to be around 5000 MT per annum, with utilization noted as being close to full capacity.
The proposed addition to the manufacturing capacity is set to bring the total capacity to up to 7000 MT per annum, achieved through the enhancement of manufacturing capability up to 170 MM OD Pipes.
The timeline for this expansion suggests that the increased capacity is expected to be completed by September, 2026.
Investment and Financing Details
The expansion project requires an investment of approximately Rs. 15 Crores. The company plans to finance this venture using internal accruals. The rationale provided for the capacity augmentation is to reduce dependence on imports by catering more effectively to the domestic demand for its products.Financial details regarding the capacity expansion are summarized below:
| Parameter | Detail |
|---|---|
| Existing Capacity | Around 5000 MT Per annum |
| Proposed Total Capacity | Up to 7000 MT Per annum |
| Capacity Enhancement Focus | Up to 170 MM OD Pipes |
| Investment Required | Approx. Rs. 15 Crores |
| Financing Mode | Internal accruals |
| Expected Completion | September, 2026 |
SURAJLTD Stock Price Movement
Today, Suraj Limited shares edged higher to close at ₹261.43, recording a gain of 1.30% for the day. The stock saw trading volume reach 385,413 shares during the session.Source:
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