Having fared well in the lighting division, Surya Roshni Limited, one of the leading light and steel solution providers, has plans to venture into the real estate sector.

Surya Roshni Limited Chairman and Managing Director Jai Prakash Aggarwal maintained that the company had plans for the real estate sector. Although the company had ventured into real estate a few years back, it was not much eager to start any major activity considering the tumultuous times the real estate sector had been facing.

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Aggarwal was here to announce the launch of the T5 tube lights. Aggarwal maintained that Surya Roshni Limited was the first company in India to Launch T5 lamps which saved 85 per cent energy. The life of a T5 Surya tube light is 15 years (15,000 hours, based on 3.3 hours usage per day with electronic ballast) and it works at a voltage as low as 140 V and can withstand up to 280 V.

Aggarwal maintained that the company was also setting up an R& D facility in Noida (Uttar Pradesh) that would offer ‘total lightening solution provider’. Remaining tightlipped over the investment, Aggarwal maintained that the plant aimed to provide ‘total lightening solution’ to the users. “The plant that is likely to be operational by June 2010, will have the best of facilities as machinery is being imported from Germany and Australia,” Aggarwal added.

Commenting on future plans, J P Aggarwal said that Surya group was aiming to become a Rs 5,000-crore company by 2011-12 after all the expansions. The group reported a turnover of Rs 1,750 crore for the year ending March 2009. The company also intends to set up a steel plant in Karnataka.

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