Surana Telecom and Power Limited has informed the Exchange about Agreement entered by Topsun Solar Private Limited, a wholly owned subsidiary of the company for purchase of land.
SURANAT&P · price
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Surana Telecom and Power Limited's wholly owned subsidiary, Topsun Solar Private Limited, has entered into an agreement to purchase land. No financial value or size of the land deal has been disclosed in the filing. This is the first step toward setting up a new solar energy project by the subsidiary. The company appears to be expanding its footprint in the solar power segment through this subsidiary.
This signals the company's intent to expand its solar business, but actual financial impact and project details are not disclosed yet, so investors should wait for further updates on the project size and timelines.