Surana Telecom and Power Ltd Enters into 5MW Solar Power Project Sale

Surana Telecom and Power Ltd has entered into a successful sale deed for its 5MW solar power project. The company concluded the deal at a consideration of 333 million rupees, reflecting a notable step in its asset management plan. This sale is part of Surana's continued attempt to streamline its portfolio and repurpose assets in new opportunities in the renewable energy space. The disposal of this solar project reflects the company's flexibility to respond to market conditions and concentrate on delivering maximum shareholder value. This deal comes after Surana's acquisition of a contract for a 54MW solar project, reflecting the company's active strategy in managing its renewable energy assets.
Source: Business Standard