Surana Telecom and Power’s board of directors at its meeting held on May 08, 2013, resolved to acquire shares in Surana Solar Systems. The said transaction completed on June 10, 2013 by acquiring 9,990 equity shares representing 99.90% of total paid up equity capital of Surana Solar Systems resulting in subsidiary of Surana Telecom and Power with the effect from June 10, 2013.
Surana Telecom & Power was engaged in the business of manufacturing of petro products such as petroleum jelly and telecom products such as jointing kits. In the year 2007, the company diversified into the power sector with the manufacturing of low tension and high tension power cables and setting up a 1.25 MW wind power generation plant.
