Shares of SRU Steels surged over 7% to ₹544.00 on Tuesday after the company announced the commencement of operations at its newly established infrastructure machinery unit in Rajkot. The company informed the exchanges that trading of infrastructure machinery at its new facility has officially begun as of March 11, 2025.
In a regulatory filing to BSE Limited, SRU Steels stated that the new unit is located at Plot No.5, Shed-2, Maruti Petrol Pump Street, near Apex Irrigation, Shapar, Tal Kotda Sangani District, Rajkot. The move is expected to bolster the company’s operational capacity and enhance its market presence in the infrastructure machinery segment.
The stock’s rise follows positive investor sentiment, with SRU Steels’ previous close at ₹504.95. The day’s trading range saw the stock move between ₹507.50 and ₹531.90, reflecting strong buying interest. The company’s market capitalization currently stands at ₹409.98 million.
This expansion aligns with SRU Steels’ strategic growth plans as it continues to strengthen its foothold in the sector. Investors will be keen to monitor how the new unit contributes to the company’s financial performance in the coming quarters.
