Surana Telecom and Power Limited — Others, 30-12-2024: Shareholders meeting

Surana Telecom and Power Ltd. has announced a board meeting to discuss a Postal Ballot, seeking shareholder approval for the sale or lease of its SMW Solar Power Plant in Munipally, Telangana. The potential transaction values the plant between ₹30 crore and ₹35 crore. Given the plant's unsustainable financial position due to high operational costs and insufficient revenue, this decision aims to refocus resources on more viable projects. Investors may view this move positively, as it reflects a strategic shift to enhance the company's profitability and long-term sustainability.