Suratwwala Business

** Shares of India's Suratwwala Business Group SURW.NS rise 20% to 25.78 rupees

** Real estate development and construction co says unit Suratwwala Natural Energy Resource received 690 million rupees ($7.18 million) order from Shree Tatyasaheb Kore Warana SSK for a 20 MW AC/28.1 MW DC solar project

** Adds project involves design, supply, construction, installation, testing, commissioning and operation & maintenance of solar power plant in India's Maharashtra

** More than 120,678 shares change hands, about 2.9x the 30-day average volume - LSEG compiled data

** Stock down 26.4% YTD

($1 = 96.0650 Indian rupees)

(Reporting by Payel Das in Bengaluru)

(([email protected]))

Suratwwala Natural Energy Resource, the 88.89%-owned solar subsidiary of Suratwwala Business Group, received a ₹69 crore letter of intent from Shree Tatyasaheb Kore Warana SSK for a 20MW AC/28.1MW DC solar plant in Kolhapur-Sangli district. The EPC scope covered design, supply, construction, installation, testing and commissioning plus operation and maintenance, with completion targeted in four months, annual operation cost of ₹50 lakh and minimum guaranteed generation of about 42 million units a year. The subsidiary had reported revenue of ₹54.49 crore in the year to March, forming about 38% of consolidated revenue of ₹142.99 crore. About ₹93 crore of solar EPC work was under execution at the close of that year, alongside 3MW of operational PPA capacity. The group’s other engine remained Pune real-estate development centred on the Mark Plazzo commercial complex, with a land bank of about 180 acres in Pune corridors.

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Sept 16 (Reuters) - Suratwwala Business Group Ltd SURW.NS:

• UNIT AWARDED ORDER FOR 20MWAC / 28.1 MWP (DC) ON EPC BASIS

• ORDER SIZE IS 690 MILLION RUPEES

Source text: ID:nBSE7wkKfy

Further company coverage: SURW.NS

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April 9 (Reuters) - Bondada Engineering Ltd BOND.BO:

• SURATWWALA BUSINESS GROUP LTD - GETS ORDER WORTH 190 MILLION RUPEES

Source text: ID:nnAZN4SPYFG

Further company coverage: BOND.BO

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July 16 (Reuters) - Suratwwala Business Group Ltd SURW.NS:

• SURATWWALA BUSINESS - UNIT RECEIVES ENVIRONMENTAL CLEARANCE FOR CALIFORNIAA WEST PROJECT

Source text: ID:nNSE9JLj9x

Further company coverage: SURW.NS

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May 14 (Reuters) - Suratwwala Business Group Ltd SURW.NS:

• BAGGING OF ORDER WORTH 435 MILLION RUPEES

Further company coverage: SURW.NS

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April 3 (Reuters) - Suratwwala Business Group Ltd SURW.NS:

• SURATWWALA BUSINESS GROUP - PURCHASES OFFICE SPACE IN PUNE FOR 186.9 MILLION RUPEES

Source text: ID:nNSE6VFX2y

Further company coverage: SURW.NS

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Feb 12 (Reuters) - Suratwwala Business Group Ltd SURW.NS:

• IN RECEIPT OF ENVIRONMENTAL CLEARANCE CERTIFICATE TOWARDS BUILDING OF STRUCTURES

• GOT ENVIRONMENTAL CLEARANCE OF TOTAL BUILT AREA OF 90502 SQ. MTRS FOR PROJECT AT HINJEWADI

• CLEARANCE FOR PROJECT "SURATWALA MARK PLAZZO" SITUATED AT HINJEWADI

Source text for Eikon: ID:nNSE5G2wS3

Further company coverage: SURW.NS

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