March 03, 2015 2:44 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of Surana Solar Limited

Company Overview

Surana Solar Limited manufactures and sells solar energy systems in India and internationally. It provides solar photovoltaic modules used for lighting products, such as solar street lighting, solar home lighting and solar lanterns, rooftop installations, power plants, or solar farms. The company also offers emergency home power packs for domestic usage, solar water pumps, and solar remote communication tower, as well as undertakes EPC contracts for solar power plants. In addition, it is involved in the generation of wind power with an installed capacity of 2.40 MW of 2 wind turbines. The company was formerly known as Surana Ventures Limited and changed its name to Surana Solar Limited. Sura...

Surya Towers

5th Floor

Sardar Patel Road

Secunderabad,  500003

India

Founded in 2006

95 Employees

Phone:

91 40 2784 5119

Fax:

91 40 2784 8851

Key Executives for Surana Solar Limited

Director of Finance & Technical and Executive Director
Age: 28
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.

Surana Solar Limited Key Developments

Surana Ventures Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Surana Ventures Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales of INR 384.887 million against INR 301.675 million a year ago. Profit from operations before other income, interest and exceptional items was INR 38.919 million against INR 20.157 million a year ago. Profit from ordinary activities before tax was INR 26.062 million against INR 12.585 million a year ago. Net profit for the period was INR 20.898 million or INR 0.42 per basic and diluted share before and after exceptional items against INR 10.068 million or INR 0.41 per basic and diluted share before and after exceptional items a year ago. For the nine months, the company reported net sales of INR 1,015.997 million against INR 951.504 million a year ago. Profit from operations before other income, interest and exceptional items was INR 118.051 million against INR 53.711 million a year ago. Profit from ordinary activities before tax was INR 83.756 million against INR 45.262 million a year ago. Net profit for the period was INR 67.104 million or INR 1.36 per basic and diluted share before and after exceptional items against INR 27.457 million or INR 1.12 per basic and diluted share before and after exceptional items a year ago.

Surana Solar Ltd Proposes to Enter into New Line of Business

Surana Solar Ltd. announced that in view of growth potential in the field of LED, the company proposed to enter into a new line of business for manufacturing of LED Bulbs and LED Tubes of an initial capacity of 1,000,000 units with an established entity in the market. The board at their meeting held on February 11, 2015 approved that the company shall hold 62.50% equity with an initial outlay of INR 50 million. The above said business is expected to achieve a turnover of INR 400.0 million in the second year of operation.

Surana Solar Ltd. Announces Resignation of Ramaiah Alapakam, Whole-Time Director

Surana Solar Ltd. has announced that the board of directors of the company at its meeting held on February 11, 2015 has considered resignation of Shri Ramaiah Alapakam, whole-time director of the company with effect from February 11, 2015.

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