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Monday, November 24, 2014
SURANA TELECOM AND POWER LIMITED (SURANAT&P ) :- BUY
Today we are discussing telecom cable manufacturing company,
Surana Telecom And Power Limited
The Company was incorporated as a Private Limited Company on 14.08.1989
as Surana Petro Products Pvt. Ltd and was engaged in the business of
manufacturing of Petro Products such as Petroleum Jelly and Telecom
products such as Jointing Kits. In 1992 the Company ventured into the
Telecommunication sector with the production of Jelly filled Telephone
Thereafter, the Company was converted into a Public Limited Company on
09.07.1993. By 1994, Telecom business became the primary business
activity of the Company and in order to reflect the same the name of the
Company was changed to Surana Telecom Ltd. on 05.08.1994.
Keeping in pace with the changing technology the Company decided to
expand further in the Telecommunication sector by venturing in to the
production of Optical Fiber Cable. For part financing the cost of
optical fiber cable project, the Company had gone in for a public issue
on 7 th November, 1994 and commenced the commercial production in July,
The Company in the year 2001 set up a manufacturing facility for optical
fiber which is the main raw material for the manufacturing of optic
fiber cables. In the year 2002, the Company ventured into assembling and
marketing of GSM phones, CDMA terminals with accessories and Line Patch
In the year 2007, the Company diversified into the power sector with the
manufacturing of low tension and high tension power cables and setting
up a 1.25 MW wind power generation plant. In order to reflect the
diversity, the name of the Company was again changed to “Surana Telecom
and Power Limited” on 11 th October, 2007.
In the year 2008, the Company has ventured into Solar Photovoltaics
(SPV) Sector by establishing a SPV Modules manufacturing Plant (a 100%
EOU) at Cherlapally, Hyderabad with an installed capacity of 12MW. The
Company has also made a strategic investment in solar energy sector by
formation of a Joint Venture Company M/s. Surana Ventures Limited
jointly with M/s Bhagyanagar India Ltd. The Company is currently listed
on National Stock Exchange of India (NSE) and Bombay Stock Exchange of
India (BSE). The Company has been accredited ISO 9001-2000 certificate
for its manufacturing facilities.
The Company manufactures Jelly Filled
Cables at its manufacturing facility situated in
Hyderabad & Goa and produces cables from the range
of 5 pairs to 800 pairs with a total production capacity
of 2.9 millions CKM. This unit is approved and
recognized by BSNL, MTNL, Indian Railways & Private
The company has already started
manufacturing of SPV Modules with production capacity of
12MW per year. The Module ranges from 5W to 220W. It has
set up a joint venture with Bhagyanagar India Limited.
The joint venture company is Surana Ventures Limited.
The Company is in collaboration with
Suzlon has setup wind power generation to produce 1.25MW
of wind power and is in the process to expand to 5MW.
A saga of strength and achievement
Since its modest beginning in the
year 1978, the Hyderabad based Surana Group, has single mindedly worked
towards exceeding customer satisfaction in terms of quality of the
product and service. Powered by Professional team of visionaries, with
an experience of over four decades, today Surana Group is a
well-diversified conglomerate with focus on niche areas of
Telecommunications, Copper rods, Copper Pipes, Copper Sheets, Copper
Foils and Power Cables, having established itself in Wind Power
generation the group is now entering Solar Power and is making giant
strides in Infrastructure, Entertainment and Tourism.
The core businesses of Surana
Group are in a diverse range of industries firmly rooted in high growth
sectors and are today a Pan India enterprise.
Bhagyanagar India Ltd.,
the flagship company of the group has diverse business such as copper
products, Jelly Filled Cables, Real Estate & Infrastructure. The
company is also into Wind Power generation with an installed capacity of
12MW in Karnataka
Surana Telecom & Power Ltd.,
The company currently operates in two main business segments &
Power Sector. In its list of products it has Jelly Filled Telephone
Cables, Optical Fiber Cables, Assembly of CDMA Mobile hand sets Fixed
wireless Telephones, Power Cables.
Surana Ventures Ltd.,
The Company is setting up a fully automated Silicon Wafers & Solar
Photovoltaic module manufacture unit with an installed capacity to
produce 80MW and is also in the advance stage of finalizing 35MW thin
film Solar Power project .
Promoter holding 74.09% of 10.40cr paid up equity capital, company posted 30cr sales and 0.73cr net profit in last financial year ended 2013, also company paying dividend regularly. Now company announced stock split into 1re from 5rs. record date of split on 25/11/2014. Stock trading both NSE and BSE @ 37.50 one can buy this stock for medium to long term ,stock can move higher after stock splits.