Surya Roshni announced that commercial production at the company's newly set-up Steel Pipe plant at Hindupur Dist. Ananthapuramu (A.P) for manufacturing of ERW Black and GI Pipes with an installed capacity of 90,000 M.T per annum to commence from March 01, 2017.

With the start of operations at Hindupur Plant, company will achieve savings in logistic cost and further leveraging its presence in the premium market of South India resulted into creation of a larger and stronger steel pipes business with economies of scale.

Above all, being a plant set-up at notified backward area in the State of Andhra Pradesh, company is eligible for deduction under section 32AC & 32AD of the Income Tax Act, 1961.

Shares of the company gained Rs 9.05, or 4.89%, to trade at Rs 194.30. The total volume of shares traded was 17,181 at the BSE (9.23 a.m., Wednesday).