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Surana Telecom and Power incorporates wholly owned subsidiary

29 Jan 2025 Evaluate

Surana Telecom and Power has incorporated a wholly owned subsidiary (WOS) in the name of ‘SUNVIBE ENERGY’ on January 28, 2025. The objective of incorporation is to carry on the business of trading, distributing, supplying, generating, transmitting and manufacture of solar and renewable energy related products and also to execute various solar projects. 

Earlier, the company had secured 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 Co. (MSEDCL) (A Govt. of Maharashtra Undertaking). 

The company is mainly into the business of generation of renewable energy viz., solar and wind.


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
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