Surya Roshni Wins Rs 1.05 Billion Spiral Pipe Order

26 Nov 2025 CW Team

Surya Roshni Ltd on Monday (24 November) announced that it has secured an order worth Rs 1.0518 billion (including GST) from a domestic engineering and infrastructure company for the supply of spiral pipes with external 3 LPE coating.

The order will be executed within Gujarat, with delivery scheduled for 31 March 2026. The company confirmed that neither the promoter nor the promoter group has any interest in the awarding entity, and the order does not qualify as a related-party transaction.

Surya Roshni reported strong financial performance in the latest quarter, with net profit rising 117 per cent year-on-year to Rs 743 million, up from Rs 342 million in the same period last year. Revenue from operations increased 21 per cent year-on-year to Rs 18.452 billion and was 15 per cent higher than the previous quarter. Revenue in the corresponding quarter last year stood at Rs 15.29 billion, while the June quarter revenue was Rs 16.05 billion. The company attributed growth to festive demand and sustained interest in professional lighting.

Despite pricing pressures in some categories, the lighting and consumer durables division recorded healthy revenue growth, supported by strong double-digit volume increases in LED lamps, battens, water heaters and mixer grinders.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 55 per cent year-on-year to Rs 1.18 billion, with EBITDA margin improving by 140 basis points to 6.4 per cent compared with 5 per cent a year earlier. Shares of Surya Roshni Ltd closed at Rs 258.70 on the BSE on 24 November, up Rs 1.55 or 0.60 per cent.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..