Surana Solar Emerges As The Lowest Bidder For Rooftop Installation Of 5MW Solar Power Generation

Surana Solar Limited has been listed as the lowest bidder for the rooftop installation of 5MW solar power generating units under the Kakinada Smart City Project in Andhra Pradesh.

The stock soared over 2% on the NSE at around 1000 hours. The stock hit an intraday high of Rs 22.40 per share ad hit an intraday low of Rs 21.40 per share on the NSE.

The stock had touched its 52-week high of Rs 34.60 per share on 21 July 2016 and its 52-week low of Rs 18.30 per share on November 9, 2016.

The stock has delivered 0.94% return in a period of one year and has underperformed the BSE Small cap and BSE Capital Goods indices over the same time period.

Surana Solar Limited is engaged in the business of manufacturing of solar panels/photo-voltaic (PV) cells. The company is also engaged in the generation of wind power energy and trading of other solar related products.

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About Suhani Varma