Surya Roshni said the order will be executed within four months
The contract will be executed with seven months, Surya Roshni said.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 2.5 points or 0.02 percent. Nifty futures were trading around 11,921-level on the Singaporean Exchange.
Kotak Securities is bullish on Surya Roshni has recommended buy rating on the stock with a target price of Rs 328 in its research report dated January 14, 2019.
Surya Roshni commands strong market positioning in tier ii/iii cities and rural India driven by its extensive reach across length & breadth of India.
"The company has further obtained orders in this month for supply of LED street lights under SLNP (Street light National Program) and for supply of super efficient (BLDC) fan, aggregating to Rs 72.95 crore from Energy Efficiency Services Ltd," Surya Roshni said in a regulatory filing.
"Commercial production at the company's newly set up steel pipe plant at Hindupur district Ananthapuramu (AP) for manufacturing of ERW Black and GI Pipes with an installed capacity of 90,000 tonnes per annum" will commence from today, the company said in a BSE filing.
ONGC | DLF | Oil India | Wipro | Aurobindo Pharma | Indiabull Real | MOIL | Metalyst Forgings | Amtek Auto | Castex Technologies | Surya Roshni | D-Link | InterGlobe Aviation | Uttam Galva | Prism Cement are stocks, which are in the news today.
Surya Roshni, a leading brand in lighting and steel pipe products, today said it is investing Rs 50 crore in R&D for LED products in two years.
BSE | Tata Motors | Surya Roshni | Ujjivan Financial | Tata Power | Excel Crop | Cosmo Films | Subros | Glenmark Pharma | Godfrey Phillips | Aegis Logistics and AstraZeneca are stocks, which are in the news today.
Cadila Healthcare | KEC International | Crompton Greaves | Siemens | NMDC | Mandhana Industries | NALCO | India Glycols | Dredging Corporation | BGR Energy | Ashoka Buildcon and Endurance Technologies are stocks, which are in the news today.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Infosys | TCS | Laxmi Vilas Bank | Britannia | GTL | Tanla Solutions | Sagar Cements | Technofab Engineering | IG Petro | Shirpur Gold Refinery | Motherson Sumi | Aptech | Ashok Leyland | Bajaj Finance | GAIL | ONGC and Alstom T&D are stocks, which are in the news today.
Lighting division in FY16 (which contributed 48 percent to total turnover) registered revenue growth of 24 percent at Rs 1,472 crore, cash profit growth of 27 percent and profit growth of 28 percent over the corresponding previous year.
RBL Bank | Kotak Mahindra Bank | DLF | Delta Corp | UltraTech Cement | Reliance Communications | Sterlite Technologies | Ujjivan Financial | PG Electroplast | Phoenix Mills | Jain Irrigation | Indraprastha Medical and Cox & Kings are stocks, which are in the news today.
The order is to be executed within five months.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks and told why he has a positive stance on all pharma stocks for this coming month.
Surya Roshni plans to demerge and sell its lighting business for Rs 3,000 crore, sources have told CNBC-TV18. The company has reached out to investors for the sale.
Tata Motors | Sun Pharma | Dr Reddy's Labs | HCL Technologies | Wipro | Lupin | BPCL | Bharti Infratel | Vipul | Eros International | Lovable Lingerie and Surya Roshni are stocks, which are in the news today.
Rajat Bose of rajatkbose.com recommends buying Gateway Distriparks and feels that Surya Roshni may test Rs 170.
Hemen Kapadia of KRChoksey Securities is of the view that one can buy Bank of India with a target of Rs 105 and Jet Airways with a target of Rs 574.