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Surana Solar Ltd Q1FY24 net profit at Rs. 24.38 lakhs

Surana Solar Ltd Q1FY24 net profit at Rs. 24.38 lakhs
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Surana Solar Ltd Q3FY23 profit declines to Rs. 2.77 lakhs

The Board of Directors of Surana Solar Limited, at its meeting held today have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23 and 9MFY23. ....

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Surana Solar Ltd invests in Surana Infotech Pvt Ltd

Surana Solar Ltd invests in Surana Infotech Pvt Ltd
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Surana Solar Ltd Q2FY22 PAT at Rs. 16.28 lakhs

Surana Solar Ltd Q2FY22 PAT at Rs. 16.28 lakhs
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Surana Solar Ltd wins arbitration against Paradip Port Trust


Surana Solar Ltd wins arbitration against Paradip Port Trust
Posted On:
2021-04-08 23:31:40
(Time Zone: Arizona, USA)
Surana Solar Ltd was awarded an EPC contract for execution, operation & maintenance of a 10W (AC) Solar Power Plant by Paradip Port Trust (PPT) in the year 2016. However in the course of implementation, certain disputes arose between the Company and PPT with regard to the project. PPT had cancelled the LOI / terminated the contract and encashed the Performance Bank Guarantee and Mobilization advance Bank Guarantee.
The Company had challenged such arbitrary action before the Arbitral Tribunal constituted by the Hon ble High Court of Odisha. Upon the contest, the Tribunal on 8th April, 2021 has passed an Award in favour of the Company for a sum of Rs. 8,69,34,723/- towards the amount of encashed Bank Guarantee, interest on such amount and Arbitration cost. ....

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