Surya Roshni has received an in-principle approval for setting up new steel plant at Tumkur in Karnataka. The board at its meeting held on February 05, 2013 has approved for the same. The board also approved the expansion of existing steel plant at Malanpur in Madhya Pradesh. The detailed project report for the above will be approved in the next board meeting.
Additionally, the board also discussed in brief on the ways and means of enhancing value for stakeholders of the company and for this purpose has appointed professional consultants for preparing a roadmap on value creation and Business Re-organization of the company in the best interest of its stakeholders.
Surya Roshni has three segments viz steel, lighting and real estate. The company diversified into lighting products with the manufacturing of General Lighting Systems (GLS) and Fluorescent Tube Lamps (FTL) sold under brand name ‘Surya’ and started the production of Compact Fluorescent Lamps (CFLs) in 2007.
