Surana Solar Shares Rise Over 3% as Fabcity Land Becomes Freehold

Hyderabad, Sep 16, 2025, 13:15 IST – Shares of Surana Solar Limited (NSE: SURANASOL, BSE: 533298) gained momentum in trade today, rising by 3.68% to ₹35.22. The rally in the share price of the company came after announcing that its Fabcity land in Telangana, which is housing the company’s solar module manufacturing facility, has been converted into freehold ownership.

Surana Solar Limited is part of the Surana Group. The company manufactures solar photovoltaic modules and undertakes solar power generation. It was established in 2006 and got listed in 2011 under the ticker SURANASOL (NSE) and 533298 (BSE). The company is classified under Heavy Electrical Equipment.

Key Development

In its regulatory filing, the company informed that the Telangana Government Industrial Infrastructure Corporation (TGIIC) has de-notified the land from its earlier Special Economic Zone (SEZ) status. TGICC has further approved its conversion into freehold property. As per this move, Surana Solar now fully owns the land supporting its solar module plant. Showing enthusiasm regarding the move, the company highlighted this transition as a significant milestone. The company noted that the move strengthens its operational infrastructure and enhances its long-term asset base.

Stock Market Reaction

As of September 16, 2025, shares of the company closed at ₹35.10, up by 1.13 points, a 3.33% increase. The company had an overall traded volume of 1.81 lakh shares while its total traded value and total market cap stood at ₹0.63 crore and ₹172.72 crore, respectively.

REF: https://nsearchives.nseindia.com/corporate/SURANASOL_16092025123157_SSL_Fabcity_Land_sd.pdf

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