Surana Industries

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Surana Industries was founded in the year 1978 with a dream to tap a remarkable position in the market of steel, metal, and power. Surana Industries Ltd. (SIL) is a Chennai-based company.

Surana Industries possesses one of the most unified steel manufacturing plants at Gummidipoondi, Chennai. This steel plant is renowned for having the following facilities:

Induction furnace for the manufacturing of mild steel ingots from heavy metal to scrap Steel plants for rolled products from mild steel ingots and billets (from 6mm to 36mm diameter) Hot rolled products like Cold Twisted Deformed (CTD) bars, TOR Steel, Thermo Mechanically Treated (TMT) bars (popularized with the name Surana TMT), Mild Steel Wires, MS Structurals, and Angels. Cold Rolled Items.

Surana Industries Ltd. is a part of Surana Group and during 1970-1985, SIL mainly dealt with metal and finance. It was during 1986-1994 that Surana captured the steel industry by trading business for the same. At that time, Surana Steel was a private company managed by its own team. On 12th March, 1991, Surana Steel was made a public limited company and was named 'Surana Metals and Steels (India) Limited'.

The Chennai Steel plant of Surana Industries possesses a capacity to manufacture 30,000 tons of mild steel ingots per annum and 109,800 tons of CTD Bars and TMT Bars at the same time. Surana Steel is known worldwide for its outstanding products – a standard that is not only a mission, but a propelling force that has pushed the entire team of SIL to bring in phenomenal results in its performance and products.

SIL weldability, ductility, and bendability are the 3 most dominant properties that have led to the popularity of the company’s products. It is thus not only one of the best steel plants but also one of the most reliable and persistent steel manufacturers. Steel manufactured by SIL is of extremely higher quality and is long-lasting too. Perseverance, dedication, and hard work are three attributes taken up by all the skilled workers of SIL who contribute largely towards the company's success. The workers at Surana Steel, apart from being highly trained professionals, are also well experienced in the industry.

Latest Financial Figures(Figures in Rs. Crores)
ET 500 Rank(2011)487
Profit after Tax(PAT)52.49
MCAP (Market Capitalization)1131.93

Products manufactured by Surana Industries are:
  • MS billets
  • MS ingots
  • CTD bars
  • MS wires Rods
  • MS structural
MS Structural has the following products:
  • MS rounds
  • MS angles
  • MS channels
  • MS beams
  • MS joist
  • MS flats
  • MS plate
  • MS square
Surana Industries is now planning for another integrated steel plant at Raichur in Karnataka. This steel plant would comprise a capacity of 132,500 tons of TMT bars and special steels per annum. It will also have a 25 MW captive power plant based on the waste heat and this project will cost around ` 4730 million. Surana Steel is on its way to declare an IPO to finance the project and it will get the accreditation within 15 months as announced by the government of Karnataka.

SIL is one of the most significant producers of TMT bars in India and the steel plant of Surana that is located at Gummidipoondi, Chennai is being overhauled by Eurotherm DEL India Ltd. After carving out a remarkable position in the steel market, Surana Steel now seeks to tap the software market by deploying SAP ERP in all 3 manufacturing stations at Gummidipoondi, Madhavaram, and Raichur at Karnataka.

Last Updated on 1/4/2012

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