Shares of an organization engaged in manufacturing and buying and selling of solar-related merchandise, era of solar energy and wind energy surged practically 8 % on BSE to Rs. 25.8 on Friday, after securing an order price Rs. 190 crores from Maharashtra State Electrical energy Distribution Firm Restricted.
With a market cap of Rs. 325.8 crores, at 12:37 p.m., the shares of Surana Telecom and Energy Restricted had been buying and selling within the inexperienced at Rs. 24, up by practically 0.5 %, as in opposition to its earlier closing value of Rs. 23.9.
What’s the Information
Based on the most recent regulatory filings with the inventory exchanges, Surana Telecom and Energy Restricted has secured a Letter of Award (LoA) as a Photo voltaic Energy Developer (SPD) for photo voltaic photovoltaic (PV) energy producing stations with a complete capability of 54 MW (AC).
The estimated challenge price is Rs. 190 crores, and will probably be carried out beneath the Mukhyamantri Saur Krushi Vahini Yojna 2.0, a scheme launched beneath Element C of the PM-KUSUM initiative for feeder-level solarization.
The challenge is awarded by Maharashtra State Electrical energy Distribution Co. Ltd (MSEDCL), a Authorities of Maharashtra Enterprise, and will probably be positioned in Maharashtra.
Key phrases of the order embrace a tariff of Rs. 3.09 per kWh and a subsidy of Rs. 1.05 crores per MW. The challenge is to be accomplished inside 18 months of receiving the LoA and features a 25-year operation and upkeep (O&M) interval.
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Financials
Surana Telecom reported a decline in income from operations, experiencing a year-on-year lower of practically 48.3 %, falling from Rs. 5.8 crores in Q2 FY24 to Rs. 3 crores in Q2 FY25.
In distinction, the corporate’s internet revenue elevated from Rs. 0.73 crores to Rs. 2 crores over the identical interval, representing a formidable development of round 174 % YoY.
Inventory Efficiency
The inventory has delivered optimistic returns of practically 52.4 % of returns in a single 12 months, whereas round 11 % of adverse returns within the final six months. In the meantime, the shares of Surana Telecom have gained by round 1.5 % within the final one month.
In regards to the Firm
Surana Telecom and Energy Restricted is engaged within the enterprise of producing and buying and selling of solar-related merchandise, era of solar energy and wind energy.
As of FY24, the corporate, together with its subsidiaries, owns a complete put in capability of 25 MW throughout the states of Gujarat, Uttar Pradesh, and Telangana.
Written by Shivani Singh
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