MoneyWorks4Me

Surana Solar Systems becomes 51% Subsidiary of Surana Telecom and Power

27 Jun 2013 Evaluate

Surana Telecom and Power has acquired further 2,45,010 Equity Shares of Rs 10 each of Surana Solar Systems. With this Surana Solar Systems now becomes 51% Subsidiary of the Company.

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.

Peers
Company Name CMP
NTPC 321.00
Tata Power 362.00
Adani Power 196.30
Power Grid Corpn. 262.20
Adani Energy Solut. 1286.65
View more..