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Surana Telecom and Power Sells Industrial Land in Telangana for ₹24.04 Crores
Surana Telecom and Power Limited has completed the sale of 9,364.50 sq. yards of industrial land located at Cherlapally, Telangana. The transaction was executed for a total consideration of ₹24.04 Crores to multiple independent industrial entities. This sale follows a prior Board approval from September 2025 and is not a related party transaction. The cash inflow provides a significant liquidity boost to the company's balance sheet.
Key Highlights
Total sale consideration of ₹24.04 Crores received for industrial land disposal.
Land parcel admeasures 9,364.50 sq. yards situated at Phase-II, I.D.A. Cherlapally.
Transaction completed on January 28, 2026, involving six different purchasing entities.
The sale does not constitute the disposal of a substantial undertaking under Section 180(1)(a).
Proceeds are from non-related parties, ensuring an arm's length transaction.
💼 Action for Investors
Investors should look for management commentary on the utilization of these proceeds, specifically whether they will be used for debt reduction or capital expenditure. The stock may see positive momentum due to the immediate cash realization from a non-core asset.