Surya Roshni has announced that commercial production of steel products has started at its new facility at Ananthapuramu in Andhra Pradesh from March 1.
In a filing to the BSE on Wednesday, it said, “Commercial production at the company’s newly set up steel pipe plant at Hindupur district Ananthapuramu (AP) for manufacturing of ERW Black and GI Pipes with an installed capacity of 90,000 tonnes per annum will commence from today.”
With the start of operations at the plant, the Company will achieve savings in logistic cost and further leveraging its presence in the premium market of South India, it said.
Above all, being a plant set-up at notified backward area in the State of Andhra Pradesh, company is eligible for deduction under section 32AC & 32AD of the Income Tax Act, 1961, it added.
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