New-Delhi-based Surya Roshni has decided to spend Rs 550 crore on capacity expansion, with an aim to become the largest lighting solution provider in the country.

Out of the total proposed investment, the company will invest Rs 100 crore in expanding its lighting business and Rs 400 crore for setting up steel pipe manufacturing plant. In addition, the company will invest another Rs 50 crore on modernizing its existing units.

The company is presently setting up a lighting equipment manufacturing unit in Gwalior for producing high mast tower and Octagonal street light poles. Apart from this, the company will also set up a steel pipe producing plant in Bhuj, Gujarat.

The company informed in a communiqué that it will focus primarily on manufacturing high mast tower and octagonal street light poles, which are mostly used in urban areas, for expanding the light business.

The firm is targeting a turnover of Rs 4,500 crore by 2011-12.