Suraj Products Ltd. – Company Report
1. Company Overview
Suraj Products Ltd., incorporated in 1991 and headquartered in Sundargarh, Odisha, is an integrated steel and iron products manufacturer serving India’s secondary steel sector. Initially launched as Champion Cement Industries, the company pivoted in 2002 from cement to become a diversified player in sponge iron, pig iron, billets, TMT bars, and captive power generation. It operates a micro-integrated plant that uses direct reduction of iron ore and supports domestic infrastructure and manufacturing markets with finished and semi-finished steel products.
Suraj Products is publicly listed and managed by a team led by Managing Director Mr. Y.K. Dalmia, with a board comprising both promoter family and independent professionals. The company places strong emphasis on technological upgradation, ethical business practices, and sustainable, greener steel manufacturing. It is ISO 9001:2015 certified, and aligns its business with the goals of quality, customer satisfaction, and environmental responsibility.
Key Highlights:
- Incorporated: 1991
- Headquarters: Sundargarh, Odisha
- Certifications: ISO 9001:2015
- Manufacturing Portfolio: Sponge iron, pig iron, MS billets/ingots, TMT bars, power generation
- Promoter/Key Management: Y.K. Dalmia (MD), C.K. Bhartia (Chairman), Gagan Goyal (Executive Director)
- Core Sectors Served: Infrastructure, civil construction, fabrication, semi-urban and rural steel markets
2. Products and Services
Suraj Products Ltd. produces a comprehensive range of steel and iron intermediates:
- Sponge Iron: Direct reduction process; feedstock for steelmaking
- Pig Iron: Used in foundries, casting, and steel manufacturing
- MS Billets/Ingots: Rolling stock for TMT bars and structural steel; customizable sizes for downstream clients
- TMT Bars: Thermo-mechanically treated bars with high strength and ductility for heavy-duty and seismic applications
- Power Generation: Captive power plant ensures energy efficiency, cost savings, and sustainability
The company’s integrated model allows it to optimize procurement, reduce conversion costs, and maintain competitive pricing. Suraj serves both B2B and B2C clients in India, focusing on eastern and central markets, and emphasizes continuous process innovation.
3. Recent News and Financial Performance
- The company has focused on capacity utilization and production efficiency, despite sectoral headwinds.
- It has maintained strict SEBI compliance with timely regulatory disclosures and annual secretarial certifications.
- Focus areas include market expansion, capex investments, and ESG-driven manufacturing improvements.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹326 crore |
| Net Profit | ₹21.4 crore |
| Operating Profit | ₹37 crore |
| Operating Profit Margin | 11% |
| EPS | ₹18.80 |
| Return on Equity (ROE) | 15% |