About Surana Solar Limited

Surana Solar Limited (formerly Surana Ventures Limited) was incorporated on November 8, 2006, and is listed on both BSE and NSE. The company manufactures Solar Photovoltaic (SPV) modules, generates solar power, and trades in solar-related products. Its registered office is located in Hyderabad, Telangana. Surana Solar integrated the “Solar Undertaking” of Surana Telecom and Power Limited through a Scheme of Arrangement and debuted on the stock market on January 7, 2011.

The company operates two ISO 9001:2008 certified manufacturing facilities in Hyderabad — Cherlapally (40 MW capacity) and Fabcity (180 MW capacity). The Fabcity facility, commissioned in FY 2024-25, specializes in TopCon Solar Cell Modules, marking the company’s re-entry into solar cell module manufacturing. Both facilities have certifications and approvals from international bodies including AQA International LLC (Dubai), EURO TEST Laboratories, and TUV INTER CERT. Products are marketed domestically under the ‘Surana Solar’ brand, and the company offers EPC services and rooftop solar installations for commercial and industrial customers.

In FY 2024-25, the company’s revenue breakdown was 25.13% from solar energy, 0.67% from other renewable energy segments, and 74.20% from trading activities. The entire revenue was domestic, with no exports reported. The consolidated financials included one subsidiary; however, effective May 22, 2025, control over this subsidiary ceased following an investment agreement, and it is no longer part of the group.

Key Milestones of Surana Solar Limited

• 2006 – Incorporated as Surana Ventures Limited.
• 2008 – Entered solar photovoltaic module manufacturing.
• 2011 – Integrated the “Solar Undertaking” and listed on stock exchanges.
• 2024-25 – Commissioned 180 MW TopCon solar cell module line at Fabcity, Hyderabad.
• 2025 – Transitioned control of its sole subsidiary to external investor as per agreements.

Surana Solar Limited Business Verticals and Geographic Presence 

Business Verticals:

• Solar Photovoltaic Module Manufacturing.
• Solar and renewable power generation.
• Trading of solar-related products.
• Engineering, Procurement, and Construction (EPC) services for solar projects.
• Rooftop solar system installations for commercial and industrial clients.

Geographical Presence:

• Operations are exclusively in India.
• Manufacturing facilities: Cherlapally and Fabcity in Hyderabad, Telangana.
• Solar power project at Gujarat Solar Park (under related enterprises).
• No international operations or exports reported as of FY 2024-25.

Surana Solar Limited operates as a single segment company engaged in manufacturing solar PV modules, generating solar power, and trading solar products within India. The company leverages advanced manufacturing technologies and certifications to provide high-quality, domestically branded solar solutions. Its EPC capabilities enable turnkey project execution, supporting India’s clean energy transition and rooftop solar adoption. Despite a majority of revenue arising from trading operations, solar energy generation constitutes a significant and growing business pillar.

Surana Solar Limited Key Management

• Narender Surana – Director
• Baunakar Shekarnath – Whole Time Director
• Manish Surana – Non-executive Director
• Anicode Ganeshan Srinath – Chief Financial Officer
• Vempati VNDR Ramya – Company Secretary

Latest Updates on Surana Solar Limited

• Commercial production started at Fabcity facility for TopCon modules, marking re-entry into solar cell manufacturing (FY 2024-25).
• Expanded business focus on EPC contracts and rooftop solar tenders from government and non-government organisations.
• Exited the windmill segment to improve operational performance.
• Lost control of its sole subsidiary as of May 22, 2025, following an investment arrangement.
• Board change: Independent Director Shri Srinagesh Boorugu resigned effective February 22, 2025.
• Legal victory in arbitration against Paradip Port Trust, currently pending further judicial scrutiny.