Surana Telecom
NSE
₹ 0.00
0.00 (0.00)%
Small-cap
With a market cap of ₹18.90L Cr.
Surana Telecom & Power Ltd. was incorporated as a private company on August 14, 1989 as Surana Petro Products Pvt. Ltd and was engaged in the business of manufacturing of petro products such as petroleum jelly and telecom products such as jointing kits. In 1992 the company ventured into the telecommunication sector with the production of jelly filled telephone cables. Thereafter, the company was converted into a public limited company on July 9, 1993. By 1994, telecom business became the primary business activity of the company and in order to reflect the same the name of the company was changed to Surana Telecom Ltd. on 05.08.1994.
Keeping in pace with the changing technology the company decided to expand further in the telecommunication sector by venturing into the production of optical fiber cable. For part financing the cost of optical fiber cable project, the company had gone in for a public issue on 7th November, 1994 and commenced the commercial production in July, 1995.
The company in the year 2001 set up a manufacturing facility for optical fiber which is the main raw material for the manufacturing of optical fiber cables. In the year 2002, the company ventured into assembling and marketing of GSM phones, CDMA terminals with accessories and Line Patch Panel Antenna.
In the year 2007, the company diversified into the power sector with the manufacturing of low tension and high tension power cables and setting up a 1.25 MW wind power generation plant. In order to reflect the diversity, the name of the company was again changed to “Surana Telecom and Power Limited” on 11 th October, 2007.
In the year 2008, the company ventured into Solar Photovoltaics (SPV) sector by establishing a SPV Modules manufacturing plant (a 100% EOU) at Cherlapally, Hyderabad with an installed capacity of 12MW. The company has also made a strategic investment in solar energy sector by formation of a joint venture company M/s. Surana Ventures Limited jointly with M/s Bhagyanagar India Ltd. The company is currently listed on National Stock Exchange of India (NSE) and Bombay Stock Exchange of India (BSE).
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