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Surana Solar Ltd receives LOA for 54 MW solar power project

Posted On: 2024-09-23 17:54:05 (Time Zone: IST)


Surana Solar Limited has been awarded a 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. Ltd (A Govt. of Maharashtra Undertaking). This project will be located in the state of Maharashtra.

The Estimated Project Cost is Rs. 189 Crores.

Tariff is fixed at Rs. 2.99 Per kWh with a Subsidy of Rs. 1.03 Crore per MW and the project shall be commissioned within 12 months from Letter of Award (LOA).

The Contract period shall be 25 years from the Commissioning of the Project and MSEDCL shall procure power from a project under Mukhya Mantri Saur Krushi Vahini Yojana 2.0 launched for implementation of feeder level solarization under Component C of PM KUSUM Scheme.

Shares of Surana Solar Limited was last trading in BSE at Rs. 43.95 as compared to the previous close of Rs. 43.26. The total number of shares traded during the day was 246602 in over 1701 trades.

The stock hit an intraday high of Rs. 45.42 and intraday low of 42.17. The net turnover during the day was Rs. 10977468.00.


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