Synopsis:
Surana Solar jumped sharply after it was included in MNRE’s ALMM list and also received BIS certification for its TOPCON 630 Wp and PERC 590 Wp solar modules. These approvals enable Surana Solar to participate in government tenders, EPC projects, and PSU initiatives, opening up significant opportunities in large-scale renewable energy projects.
The shares of this leading Solar Photovoltaic Modules manufacturer and generator of wind and solar power energy are in focus after receiving a key development announcement from the ministry. In this article, we will dive more into the details.
With a market capitalization of Rs 160 crore, the shares of Surana Solar Ltd reached a day high of Rs 34.50 per share, up 19 percent from its day’s low of Rs 28.95 per share. Over the past five years, the stock has delivered a robust return of 375 percent, outperforming the NIFTY 50’s return of 114 percent.
About the Announcement
Surana Solar, through a stock exchange filing, announced that it has been included in the Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy (MNRE).
In simple terms, this is like getting an official government stamp of approval, confirming that the company’s solar panels meet the quality and performance standards required for government-backed solar projects.
Additionally, the company has also received the BIS (Bureau of Indian Standards) certification for its TOPCON 630 Wp and PERC 590 Wp solar PV modules, which is another quality mark showing that these products are reliable and safe.
With these approvals, Surana Solar can now participate in government tenders, EPC (Engineering, Procurement, and Construction) projects, and other PSU-related solar initiatives.
This opens up new business opportunities, as many government and public sector projects require suppliers to be on the ALMM list and have BIS-certified products. Essentially, these certifications make it easier for Surana Solar to sell its solar panels to large-scale projects and government programs, giving the company a stronger position in the growing renewable energy market.
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Other Highlights
Surana Solar reported a revenue of Rs 2.09 crore in Q1 FY26, a decline of 17 percent from its Q4 FY25 revenue of Rs 2.52 crore. Coming to its profitability, it reported a net profit of Rs 12 lakh in Q1 FY26 as compared to a loss of Rs 82 lakh in its previous quarter.
Surana Solar Limited, part of the Hyderabad-based Surana Group, is a leading Indian company engaged in solar energy manufacturing and power projects. Besides, the company also handles large-scale turnkey solar power projects.
It has currently set up four 5MW grid-connected solar plants in Gujarat and Telangana, and it also has future projects of 150MW spread over Karnataka, Andhra Pradesh, Tamil Nadu, Maharashtra, and Uttar Pradesh.
Written by Satyajeet Mukherjee
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