What we do Suraj Products Ltd manufactures sponge iron, pig iron, ingots, billets, TMT bars, and generates power, primarily serving steel-intensive sectors like infrastructure and construction. |
Founded in 1,991 |
Market share A recognized player in India’s sponge iron and pig iron markets with growing capacity and diversification in steel products. |
Problem solved Provides raw materials crucial for steel production, supporting infrastructure and construction demand in a growing economy. |
Top clients or who we serve B2B clientele in steel manufacturing, infrastructure, and construction industries. |
Key management - |
Our journey and innovations Started as cement producer, diversified to sponge iron and pig iron in 2002, expanded capacity, and formed a subsidiary in UAE in 2025 for ferro alloys and green steel. |
Where we operate India with expansion plans in Abu Dhabi, UAE. |
Top products or what we offer Sponge iron, pig iron, MS ingots, billets, TMT bars, and captive power generation. |
Top brands - |
Raw materials needed Iron ore, coal, coke for sponge iron and pig iron production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical, tied to demand in steel and construction sectors. |
Our industry position Established regional player with steady volume growth and strategic diversification into green steel production. |
Financial highlights FY 2024-25 revenue ₹326.37 crore; net profit ₹21.43 crore; EBITDA ₹37.72 crore; focused on operational efficiencies. |
Geographical revenue split Primarily domestic Indian market with emerging UAE presence. |
Order book - |
Whats driving growth Economic recovery, infrastructure spending, and government policies boosting steel demand. |
Our future plans Investing ₹200 crore in UAE subsidiary to produce ferro alloys and green iron & steel; capacity enhancements in India. |
Our green promise Exploring green steel manufacturing through new UAE facility, aiming for cleaner production technologies. |
Our people and values Emphasizes employee safety, zero accident policy, and strong corporate governance. |
Key challenges ahead Managing cyclical steel demand and raw material cost volatility. |
Interesting facts Transitioned from cement to steel products; formed wholly owned UAE subsidiary targeting innovative green steel production. |
Risks and strategy Mitigating market cyclicality through diversification and improving operational efficiencies. |
