The Hindu Business Line : Surya Roshni targets 10% rise in market share

Surya Roshni Ltd, which has planned an investment of Rs 550 crore in its plants this year, is eyeing a 10 per cent increase in its market share by the end of the financial year. The company sells 15 crore lamps a year and has a 25 per cent market share in the country, said Mr J. P. Agarwal, Chairman and Managing Director, Surya Roshni Ltd.

New Plants

Speaking to reporters after the launch of the T5 lamps here, Mr Agarwal also announced that the company is finalising a site to set up a plant in Karnataka at a “substantial investment to manufacture pipes for the oil and gas sectors and lighting products.”

This is in addition to the Rs 550-crore investment planned for the year, Rs 400 crore of which will be for a steel pipe manufacturing plant in Gujarat and Rs 150 crore toward setting up of a new high mast facility and energy saving product expansion at Gwalior. The financing for these projects would be through both internal accruals and bank loans, he said.

The Gwalior plant would produce 40,000 high mast lighting systems. The company also plans to expand the CFL bulb capacity from 30 lakh per month to 50 lakh per month.

With all these investments, the Rs 1,700-crore company which currently employs close to 6,000 people would provide jobs to another 6,000 people, he said.

The T5 lamp

Surya Roshni is the first company in the country to launch a T5 lamp in India. The life of a T5 tube light is 15 years and costs twice as much as the ordinary tube, but saves almost 85 per cent energy which is reflected in power bills, Mr Agarwal said.

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