Shares of Surana Telecom and Power surged 8% on January 17, reaching ₹25.80 per share, after the company announced it had secured a significant order from Maharashtra State Electricity Distribution. The order, worth ₹190 crore, involves the development of solar photovoltaic power-generating stations with a combined capacity of 54 MW (AC). This order value represents 55% of the company’s market capitalisation, which stands at ₹342 crore. The project is expected to be completed within 18 months from receiving the Letter of Award (LOA), with a 25-year operation and maintenance period from the Commercial Operation Date (COD). The company confirmed that the solar power stations are part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0, an initiative under the PM-KUSUM Scheme. The electricity tariff for the project is set at ₹3.09 per kWh, with a subsidy of ₹1.05 crore per MW. This major contract is a significant boost to the company’s prospects. Surana Telecom and Power’s stock has performed impressively over recent months, rising 194% from ₹8.40 in April 2023 to its current value of ₹25. Over the past five years, the stock has delivered an even more remarkable 523% gain, consistently posting positive returns each calendar year since CY20. The latest order win further enhances its growth outlook, boosting investor confidence.