Suraj Products' UAE Subsidiary Signs Agreement with KEZAD Group to Set Up Rolling Mill Facility in Abu Dhabi
Suraj Products Limited's wholly owned subsidiary, SURAJ IRON & STEEL MANUFACTURERS L.L.C-S.P.C., has signed an agreement with KEZAD Group (part of AD Ports Group) to establish a Rolling Mill Facility in Abu Dhabi, UAE. The development was disclosed on May 07, 2026, under Regulation 30 of SEBI (LODR) Regulations, following an earlier intimation dated November 27, 2025 regarding the subsidiary's incorporation. Details on project cost, installed capacity, and implementation timeline are yet to be disclosed pending finalization and approval.

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Suraj Products Limited has announced that its wholly owned subsidiary, SURAJ IRON & STEEL MANUFACTURERS L.L.C-S.P.C., incorporated in Abu Dhabi, UAE, has signed an agreement with KEZAD Group (part of AD Ports Group) to establish a Rolling Mill Facility in Abu Dhabi, UAE. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations on May 07, 2026, building on the company's earlier intimation dated November 27, 2025, which had informed exchanges about the incorporation of the wholly owned subsidiary in Abu Dhabi.
Agreement with KEZAD Group
The agreement marks a significant step in Suraj Products' international expansion strategy, with its UAE-based subsidiary entering into a formal arrangement with KEZAD Group to set up a Rolling Mill Facility in Abu Dhabi. KEZAD Group operates as part of AD Ports Group, a major industrial and logistics entity in the UAE. The following table summarises the key details of this development as disclosed by the company:
| Parameter: | Details |
|---|---|
| Subsidiary Name: | SURAJ IRON & STEEL MANUFACTURERS L.L.C-S.P.C. |
| Subsidiary Location: | Abu Dhabi, UAE |
| Agreement Partner: | KEZAD Group (Part of AD Ports Group) |
| Facility Type: | Rolling Mill Facility |
| Disclosure Date: | May 07, 2026 |
| Earlier Intimation Date: | November 27, 2025 |
| Regulatory Basis: | Regulation 30 of SEBI (LODR) Regulations |
Project Details Awaited
As per the regulatory disclosure, further details relating to project cost, installed capacity, implementation timeline, and other particulars are yet to be disclosed and will be communicated upon finalization and approval. The company has stated that stakeholders will be kept informed as these details are confirmed through the appropriate regulatory channels.
The disclosure was submitted to both BSE Limited and The Calcutta Stock Exchange Limited in accordance with applicable listing obligations.
Historical Stock Returns for Suraj Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.02% | +3.52% | +19.61% | -32.05% | -35.05% | +534.92% |
What is the estimated project cost and installed capacity of the Rolling Mill Facility, and how will it be financed — through internal accruals, debt, or equity dilution?
How might establishing a UAE-based rolling mill facility impact Suraj Products' export competitiveness and access to Middle Eastern and African steel markets?
Could this KEZAD partnership serve as a gateway for Suraj Products to secure long-term supply agreements with large-scale infrastructure projects in the GCC region?






























