SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Surana Industries gets approval to raise $100 million

28 Jun 2011 Evaluate

Surana Industries has received an approval and the company has been authorised to raise an amount equivalent to $100 million or equivalent in any other currency, including Indian Rupees by issue of equity shares at a premium or such other security of the company. The company has received an approval at its board meeting held on June 21, 2011.

The company is planning to mobilize funds for expansion project the company. Further, the board authorized the company to obtain the approval of shareholders of the company through postal ballot for the above.

Surana Industries, is the flagship of Surana Group, is one of the major TMT (thermo mechanically treated) bars manufacturer located in Chennai. Surana offers steel, can be described as high-strength steel having superior properties such as weldability, ductility and bendability meeting highest quality standards at domestic level.

Peers
Company Name CMP
Tata Steel 210.00
JSW Steel 1255.20
SAIL 178.55
Jindal Stainless 766.85
APL Apollo Tubes 2004.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×