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Surana Solar inches up on plan to add PV cell unit

15 Jan 2015 Evaluate

Surana Solar is currently trading at Rs. 60.15, up by 0.05 points or 0.08% from its previous closing of Rs. 60.10 on the BSE.

The scrip opened at Rs. 61.80 and has touched a high and low of Rs. 61.80 and Rs. 60.15 respectively. So far 15783 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 64.90 on 26-Dec-2014 and a 52 week low of Rs. 7.73 on 16-May-2014.

Last one week high and low of the scrip stood at Rs. 62.85 and Rs. 58.85 respectively. The current market cap of the company is Rs. 299.67 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 0.40% and 24.61% respectively.

Surana Solar is all set to commission photovoltaic (PV) cell manufacturing line by March at the Fab City near Hyderabad. With the commissioning of this manufacturing unit, it will make the Hyderabad-based solar company a complete player in the solar power generation covering manufacture of modules and cells and EPC works.

The company has also bid for some of the projects offered for development by the Railways where it is proposed to set up solar PV units on railway stations for captive use. Though, the bids are in the process of finalisation.

 

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