Suratwwala Subsidiary Secures ₹69 Crore EPC Order for 20MW Solar Plant
Suratwwala Natural Energy Resource Private Limited, a subsidiary of Suratwwala Business Group Limited, secured an EPC contract worth ₹69 Crore for a 20MW AC / 28.1 MW DC solar power plant. The contract includes O&M for ₹50 Lakhs annually and is expected to be completed within 4 months.
The order value of ₹69 Crores is substantial and will contribute to the company's revenue and growth, indicating a medium impact.
The company has secured a significant new order, which is a positive development for its business.
Suratwwala Business Group Limited (SBGL) announced that its subsidiary, Suratwwala Natural Energy Resource Private Limited (formerly Suratwwala Natural Energy Resource LLP), has been awarded a Letter of Intent (LOI) for an EPC contract by M/s. Shree Tatyasaheb Kore Warana SSK Ltd.
The contract is for the Design, Supply, Construction, Installation, Testing, Commissioning, and Operation & Maintenance of a 20MW AC / 28.1 MW DC Solar Power Plant in Kolhapur, Sangli District, Maharashtra.
The broad commercial consideration for this order is ₹69 Crores (excluding GST). The EPC contract includes comprehensive Operation & Maintenance at ₹50,00,000 per year and a minimum guaranteed generation of 42.0048 MUs per year.
The company has stated that neither the promoter nor any promoter group or group companies have any interest in Shree Tatyasaheb Kore Warana SSK Ltd., and this LOI does not fall within the purview of Related Party Transactions.
The work is expected to be completed within a timeframe of 4 months from the agreed-upon schedule, which will detail commencement and completion dates for major activities.
What to do with a filing like this
Suratwwala Business Group Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Suratwwala Business Group Limited. Read the original for the full detail.