January 29, 2007

Surya Roshni to invest Rs 100 mn in real estate business

Surya Roshni has got the board`s approval for the expansion of CFL project at a total cost of Rs 200 million. The board has also approved the incorporation of a separate segment and investment in india up to Rs 100 million in the real estate business. The above decisions were taken by the board of directors of the company at its meeting held Jan. 27, 2007. Incorporated in 1973, Surya Roshni is the manufacturer of lighting products in India. The product range includes fluorescent tube lamps, GLS lamps, energy efficient lamps and sodium and mercury vapour lamps. The company has manufacturing units at Bahadurgarh in Haryana, Kashipur in Uttar Pradesh and Malanpur in Madhya Pradesh. Shares of the company were last trading up Rs 0.80, or 1.19%, at Rs 67.85 at the BSE. (12.27 pm, Monday). The volume of the shares trading at the BSE was 27,925. Source: myiris.com