You are here » Home » Companies » Company Overview » Surana Telecom and Power Ltd

Surana Telecom and Power Ltd.

BSE: 517530 Sector: Others
NSE: SURANAT&P ISIN Code: INE130B01031
BSE LIVE 15:13 | 20 Nov 6.47 0.18
(2.86%)
OPEN

6.49

HIGH

6.49

LOW

6.20

NSE 15:29 | 20 Nov 6.35 0
(0.00%)
OPEN

6.15

HIGH

6.40

LOW

6.15

OPEN 6.49
PREVIOUS CLOSE 6.29
VOLUME 12350
52-Week high 9.39
52-Week low 3.79
P/E 53.92
Mkt Cap.(Rs cr) 94
Buy Price 6.25
Buy Qty 1000.00
Sell Price 6.47
Sell Qty 2226.00
OPEN 6.49
CLOSE 6.29
VOLUME 12350
52-Week high 9.39
52-Week low 3.79
P/E 53.92
Mkt Cap.(Rs cr) 94
Buy Price 6.25
Buy Qty 1000.00
Sell Price 6.47
Sell Qty 2226.00

Surana Telecom and Power Ltd. (SURANAT&P) - Chairman Speech

Company chairman speech

SURANA TELECOM AND POWER LIMITED (FORMERLY KNOWN AS SURANA TELECOM LIMITED) ANNUAL REPORT 2007-2008 CHAIRMAN'S REPORT Dear fellow Shareholders, It gives me an immense pleasure to invite each of you to the 19th Annual General Meeting of the Company. It has been a long and successful journey where we have created an outstanding organization with unique strengths. I consider it as my privilege to address and share my views on the highlights of your Company's performance and various initiatives your Company has taken during the year. In the recent past we have been witnessing acute power crisis in our country coupled with the speedy depletion of the fossils fuels. The whole world has also woke up to the global warming crisis and felt the need of generation of energy from non-conventional energy resources like wind and solar energy, which minimizes the use of fossil fuels like petrol, diesel and coal and would help to save the environment from pollution. Considering the vast potential in the non conventional energy sector, especially the Solar energy segment your Company has set up a 100% Export Oriented Unit for manufacture of Solar Photovoltaic (SPV) Modules with an installed capacity of 12MW at Cherlapally Hyderabad. The Company is all set to commence the commercial production and has also applied for the required certifications for exporting SPV Modules. Your Company has also formed a Joint Venture Company - M/s. Surana Ventures Limited through which it is planning to manufacture SPV modules, SPV Cells and wafers. M/s. Surana Ventures Limited has already commenced the preliminary work for setting up its SPV module project, at Fab City SEZ, Hyderabad. The Board of Directors has approved the buy back of the equity shares of the Company up to a maximum limit of Rs.600 lakhs at a price not exceeding Rs.50/- per Equity Share subject to a maximum of 18,00,000 Equity Shares. The proposed buy back is prompted by the reason that the Company has accumulated free reserves and satisfactory liquidity and is intended to increase the earnings per share and return on equity of the company in future, thereby creating long term shareholder value for the continuing shareholders. During the year under review your Company has witnessed an increase in the Profit after Tax from Rs. 8.17 Crores (2006-07) to Rs. 9.19 Crores (2007- 08) and your Board of Directors are pleased to recommend a dividend @ 20% for the financial year 2007-08 on the equity share capital of the Company. As we move into another financial year, we remain focused on maintaining strong relationships with the Government, RBI, SEBI, other regulatory authorities, various financial/investment institutions, banks and correspondents in India and abroad for their support and guidance to the Company from time to time as well as thankful to all the stakeholders including staff, workers, banks, our suppliers and our customers. G.M. SURANA Chairman