Solar penny stock under Rs 40: Company starts 180 MW TopCon solar module production at new Hyderabad plant from July 25, 2025
DSIJ Intelligence-1 / 27 Jul 2025/ Categories: Penny Stocks, Trending
From Rs 28.40 (52-week low) to Rs 34.09 per share, the stock is up by 20 per cent and has given multibagger returns of 365 per cent in 5 years.
Surana Solar Limited is pleased to announce the commencement of commercial production at its new manufacturing facility located in Fabcity, Hyderabad, effective July 25, 2025. This intimation is made in compliance with Regulation 30(4) read with Para B(1) of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The state-of-the-art facility boasts an installed capacity of 180 MW and is dedicated to the production of TopCon Solar Cell Modules, a newly acquired cutting-edge technology for the company.
This strategic move marks Surana Solar's re-entry into the solar cell module manufacturing sector, aiming to establish a significant market presence. The company's decision to invest in this advanced technology and expand its production capabilities aligns with its long-term growth strategy and underscores its commitment to the renewable energy sector. Surana Solar Limited looks forward to contributing meaningfully to the advancement of solar energy production.
Earlier, Surana Solar Ltd relinquished control over Surana Technologies Private Limited (STPL) following an investment agreement with Baidyanath Power Private Limited (BPPL). This deal grants BPPL the right to appoint a majority of STPL's directors, effectively ending STPL's subsidiary status. Surana Solar has already received Rs 4.15 crore for the 100 per cent stake, with the sale expected to finalise by September 30, 2025.
Furthermore, the company holds a 25-year power purchase agreement with Maharashtra State Electricity Distribution Co. Ltd for a 54 MW (AC) solar project. This project, estimated at Rs 190 crore, aligns with sustainable energy goals, showcasing opportunities in the renewable sector. BPPL, the buyer, is an independent entity, and STPL had not contributed to Surana Solar's financials in the last fiscal year.
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About the Company
Surana Solar Ltd (SSL), incorporated in 2006, is a prominent player in the solar energy industry, engaged in manufacturing solar photovoltaic modules, generating wind and solar power, and trading solar-related products. As a part of the Surana Group, SSL specialises in EPC of power projects on a turnkey basis, offering grid-connected and grid-off photovoltaic power plants. With its expertise in engineering, procurement, and construction, SSL undertakes projects ranging from 1 MW to 15 MW.
In FY25, the company reported net sales of Rs 38.80 per share and net profit of Rs 0.06 crore. From Rs 28.40 (52-week low) to Rs 34.09 per share, the stock is up by 20 per cent and has given multibagger returns of 365 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.