Surani Steel Tubes is a manufacturer that turns flat steel coils into welded pipes and hollow sections - the kind used to move water, gas, and oil, or to build greenhouses and solar frames. Founded in 2012 in Gujarat, the company was reshaped in FY24 when a new promoter group with deep experience in the structural steel tube industry took control, bringing a wider supplier network and an expanded dealer base. Its recurring approach is to run a single, focused plant with in-house quality testing, sell through a growing dealer network, and steadily widen the product range to follow government infrastructure spending. # Business segments A single-engine business built around one manufacturing process - ERW pipe-making - that produces a family of steel tubes and complementary coil products for construction, agriculture, and energy. ## 1. ERW pipes and tubes: the company's entire manufacturing engine **One plant in Gujarat takes in hot-rolled steel coil and turns it into a range of welded pipes and hollow sections, sold entirely within India to dealers serving infrastructure, agriculture, and green-energy projects.** - **One process, many shapes** - the company makes ERW (Electric Resistance Welded) round pipes, square and rectangular hollow sections, and slit coils, all starting from HR (hot-rolled) coils sourced from large Indian steelmakers like SAIL, JSW, ESSAR, and TATA. The strip is slit, shaped through forming rolls, and welded using high-frequency induction, so the same production line yields everything from a water pipe to a solar-structure frame. - **Sized for small-to-medium applications** - the product range covers pipe diameters from 20 Nb to 100 Nb, wall thicknesses from 1.6 mm to 5 mm, and lengths up to 12 metres. That puts the company in the lighter end of the steel-tube market, where pipes go into irrigation, plumbing, sewage systems, boiler tubes, and low-pressure gas lines rather than high-pressure oil trunklines. - **Quality tested in-house, not outsourced** - the plant runs a UT (ultrasonic testing) machine, a hydro-testing machine, and a full metallurgical lab, checking everything from raw material to finished goods. The company holds a Quality Management System certification, which matters because its pipes are used in government-tendered water and infrastructure projects where certification is a gatekeeper. - **A product range that follows government budgets** - recent additions include solar module mounting structures, greenhouse frames, and low-pressure water and gas pipes, all tied to visible public spending programmes. The Jal Jeevan Mission, which aims to put a tap-water connection in every rural household, carried a ₹70,000 crore Union Budget allocation in 2023-24, and state-level water projects in Rajasthan and Gujarat add further demand for the company's core water-transport pipes. - **One plant, one geography, one segment** - the company operates a single manufacturing site at Dahegam, Gandhinagar, with an annual capacity of 40,000 MTPA and what it describes as excellent road access to the rest of India. It reports a single business segment - manufacturing and trading of ERW MS pipes - and a single geographical segment, India, with no export revenue recorded in FY25. # Group structure and partners **A newly incorporated UK subsidiary sits dormant, while the company's main external relationships are with its steel-supplier promoters and the SME platform where its shares trade.** - **A shelf subsidiary in the UK** - the company set up a wholly owned subsidiary, SSTUK Limited, in November 2024 with a share capital of £10,000, but it had nil turnover and had not yet begun operations as of the latest filing. The stated purpose is to expand the steel business in the UK, take up real estate projects, and pursue acquisitions, though no activity has materialised. - **Promoter entities as raw-material suppliers** - raw material purchases were made from JTL Industries Limited, a related party where the promoters have an interest. The company also has a historical sales relationship with Vinayak TMT Bars Pvt. Ltd., an enterprise over which key management personnel and their relatives exercise significant influence. - **Listed on the NSE's small-company platform** - the company's equity shares trade on the NSE Emerge Platform, the SME segment of the National Stock Exchange, which means it operates under the lighter compliance framework designed for smaller listed companies.