Surana Solar Limited’s stock surged by 4.99%, reaching ₹46.48 at 11:40 AM today, hitting the upper circuit following the announcement of a ₹189 crore solar power project. The company has been awarded a 54 MW (AC) solar power project under the Mukhyamantri Saur Krushi Vahini Yojna 2.0, a scheme launched by the Maharashtra government under the PM-KUSUM Scheme.
The project, awarded by Maharashtra State Electricity Distribution Co. Ltd (MSEDCL), is expected to be commissioned within 12 months, with a contract period of 25 years. This significant development has boosted investor sentiment, driving the stock to its upper circuit limit.
With this award, Surana Solar continues to strengthen its position in India’s growing renewable energy sector, reinforcing its commitment to expanding its solar power footprint.
