Surana Solar touches roof on bagging LoA worth Rs 189 crore
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Surana Solar is currently trading at upper limit of Rs. 46.49, up by 2.21 points or 4.99% from its previous closing of Rs. 44.28 on the BSE.
The scrip opened at Rs. 46.01 and has touched a high and low of Rs. 46.49 and Rs. 45.90 respectively. So far 131313 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 48.01 on 08-Apr-2024 and a 52 week low of Rs. 21.37 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 46.49 and Rs. 42.01 respectively. The current market cap of the company is Rs. 228.76 crore.
The promoters holding in the company stood at 46.68%, while Institutions and Non-Institutions held 0.23% and 53.09% respectively.
Surana Solar has been awarded a Letter of Award (LoA) of Solar Power developer (SPD) for solar photovoltaic power generating stations of an aggregate capacity of 54 MW (AC) under Mukhyamanatri Saur Krushi Vahini Yojna 2.0 a scheme launched for implementation of feeder level Solarisation under Component C of PM-KUSUM Scheme from Maharashtra State Electricity Distribution (A Govt. of Maharashtra Undertaking). This project will be located in the state of Maharashtra.
The estimated project cost is Rs 189 crore. The project shall be commissioned within 12 months from LoA. The contract period shall be 25 years from the Commissioning of the Project.
Surana Solar is in the business of energy production and also in business segment of Power (wind) and Power (Solar).
