Suratwwala Business Group Limited has informed the Exchange about - Bagging of order of 30 MW AC by our Subsidiary- Suratwwala Natural Energy Resource Private Limited (formerly known as Suratwwala Natural Energy Resource LLP).
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Suratwwala Business Group's subsidiary, Suratwwala Natural Energy Resource Private Limited, has secured a 30 MW AC solar EPC contract worth Rs. 43.50 Crores from Bondada Engineering Limited. The contract, signed on May 13, 2025, covers design, engineering, supply (excluding PV modules), erection, testing, and commissioning of a ground-mounted solar PV power plant in Maharashtra under the state government's MSKVY 2.0 agricultural feeder solarization scheme. The project has a 3-year completion timeline with mutual agreement on detailed schedules. The order requires a 5% performance guarantee and 5% bank guarantee. The company clarified this is not a related party transaction and promoters have no interest in the awarding entity.
The order adds Rs. 43.50 Crores to the subsidiary's order book and reinforces the group's presence in the solar EPC segment, though investors should weigh the size relative to overall revenue and execution risk over the multi-year timeline.