Surana Solar
Surana Solar Limited is an Indian solar PV module manufacturer and EPC contractor headquartered in Hyderabad, serving state-owned power utilities, project developers, and commercial customers with N-Type TOPCon and bifacial modules, BESS, and turnkey solar power plant construction.
- Company typePublic
- Founded1978
- HeadquartersSecunderabad, India
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Surana Solar does
Surana Solar Limited (NSE: SURANASOL, BSE: 533298) is a publicly listed Indian solar photovoltaic module manufacturer and solar power project EPC provider, headquartered in Secunderabad (Hyderabad), Telangana, and operating as part of the Surana Group, a diversified conglomerate founded in 1978. The company manufactures solar PV modules at two Hyderabad-based facilities: a legacy 12 MW plant at Cherlapally and a newly operational 500 MW N-Type TOPCon (Tunnel Oxide Passivated Contact) module plant at Fabcity. Its product portfolio spans N-Type TOPCon bifacial modules (450 Wp and 545 Wp ranges with up to 21.10% efficiency and 0.4% annual degradation), traditional bifacial PV modules, and Battery Energy Storage Systems (BESS) for grid stabilization and peak modulation. The company is MNRE, ISO 9001, IEC 61215, IEC 61730, and CE certified.
Surana Solar generates revenue through three primary streams: one-time sales of PV modules, EPC (Engineering, Procurement and Construction) services for utility-scale solar power plants ranging from 1 MW to 100 MW, and BESS hardware sales. Its go-to-market combines direct B2B enterprise sales to power utilities and government-owned distribution companies (secured via long-term 25-year PPAs with entities like Gujarat UrjaVikas Nigam and Southern Power Distribution Co. of Telangana) with EPC delivery for solar project developers. The company has commissioned four grid-connected solar power plants (5 MW each) in Gujarat and Telangana and has a 150 MW pipeline across Karnataka, Andhra Pradesh, Tamil Nadu, Maharashtra (KUSUM 110 MW), and Uttar Pradesh (66 MW). It also operates a direct-to-consumer storefront via its website for smaller residential/commercial customers. The company is publicly listed with 43.2% promoter holding and is classified as a small-cap entity on Indian exchanges.
Surana Solar firmographics
Firmographics- Name
- Surana Solar
- Legal name
- Surana Solar Limited
- Website
- https://suranasolar.com
- Company type
- Public
- Founded year
- 1978
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Surana Solar Limited is an Indian solar PV module manufacturer and EPC contractor headquartered in Hyderabad, serving state-owned power utilities, project developers, and commercial customers with N-Type TOPCon and bifacial modules, BESS, and turnkey solar power plant construction.
- Ownership category
- akta.pro rank
Surana Solar industry classification
Industry- Product category
- Solar Photovoltaic Modules and EPC Services
- NAICS
- Solar Electric Power Generation (221114), Electric Lamp Bulb and Other Lighting Equipment Manufacturing (335139), Battery Manufacturing (335910)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electric Lighting & Wiring Equipment (3640), Cogeneration Services & Small Power Producers (4991)
- akta.pro industry
- Solar PV Module Manufacturing (Cells, Modules, Thin-Film)Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Solar Energy (PV, CSP, Rooftop & Utility-Scale)Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System)Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Solar Energy (PV, CSP, Rooftop & Utility-Scale)
Keywords
Where Surana Solar is headquartered
LocationHeadquarters
- HQ city
- Secunderabad
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Surana Solar business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Solar PV Module Sales: Manufacturing and sale of solar photovoltaic modules including N-Type TOPCon and Bi-Facial modules for residential, commercial, and industrial applications.
- EPC Services: Engineering, Procurement and Construction of solar power projects on turnkey basis at MW scale, including grid connected solar power plants.
- Battery Energy Storage Systems: Energy storage solutions for power generation with grid stabilization, power output optimization, and frequency/peak modulation capabilities.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Surana Solar product offering
Product offeringCore offering
Surana Solar Limited manufactures Solar Photovoltaic (PV) Modules — including N-Type TOPCon and Bi-Facial variants — and delivers turnkey EPC (Engineering, Procurement and Construction) services for grid-connected solar power plants ranging from 1 MW to 100 MW. The company also supplies Battery Energy Storage Systems (BESS) for grid stabilization and peak modulation, operating manufacturing facilities at Cherlapally (12 MW) and Fabcity, Hyderabad (500 MW TOPCon capacity).
Product overview
Surana Solar Limited operates as a manufacturer of Solar Photovoltaic (PV) Modules and an EPC (Engineering, Procurement & Construction) provider of solar power projects in India. The product portfolio centers on Solar PV Modules — encompassing both N-Type TOPCon Modules (advanced bifacial technology using tunnel oxide passivation) and Bi-Facial PV Modules (producing up to 30% more power from reflected light) — alongside Battery Energy Storage Systems (BESS) for grid stabilization and power output optimization. The company also delivers EPC services for utility-scale solar power plants ranging from 1 MW to 100 MW. Manufacturing is conducted at two facilities in Hyderabad: a legacy Cherlapally plant with 12 MW installed capacity and a new Fabcity plant with 500 MW TOPCon module capacity. The portfolio is rounded out by solar lighting products. Surana Solar's four commissioned grid-connected plants (Gujarat and Telangana, 5MW each) and upcoming 150MW pipeline (Maharashtra KUSUM 110MW, Uttar Pradesh 66MW) form the project services backbone.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PV Modules
Quantifiable outcome
- Up to 30% more power generation from reflected light with bifacial modules
- +2 more outcomes
Companies that use Surana Solar
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Surana Solar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Surana Solar partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights5 records
Surana Solar competitors and assessment
Company assessmentDirect peers
- Premier Energies: Indian solar cell and module manufacturer with TOPCon technology capacity. Comparable as a domestic manufacturer competing for ALMM-listed orders and utility-scale projects in India.
- Waaree Energies: India's largest solar PV module manufacturer with multi-GW capacity. Directly comparable as both companies manufacture PV modules and execute EPC projects for the Indian market, serving similar utility and C&I customers.
- Tata Power Solar Systems: Subsidiary of Tata Power manufacturing solar PV modules and executing EPC projects at utility and rooftop scale. Comparable in product mix, EPC services, and Indian utility customer base.
- Vikram Solar: Indian solar PV module manufacturer with multi-GW capacity offering both monocrystalline and bifacial modules plus EPC services. Directly comparable product range and Indian utility-scale customer focus.
- Goldi Solar: Indian solar PV module manufacturer with TOPCon technology offering, comparable to Surana in technology positioning (TOPCon modules) and customer focus on Indian C&I and utility markets.
- Adani Solar: Vertically integrated solar PV manufacturer and EPC provider within Adani Group. Comparable in product portfolio (modules + EPC), target customers (Indian utilities), and technology positioning including TOPCon/Bifacial modules.
Broad incumbents
- First Solar: Global thin-film PV module manufacturer supplying utility-scale solar projects worldwide including India. Comparable as a competitor for utility-scale module tenders, though distinct in thin-film vs. crystalline silicon technology.
- JinkoSolar: Global Tier-1 solar PV module manufacturer with TOPCon technology leadership. Comparable as a competitor in module supply to Indian projects, though at vastly larger global scale.
- Trina Solar: Global TOPCon module manufacturer with strong Indian market presence. Comparable as a leading TOPCon technology provider competing for ALMM and utility-scale orders.
Emerging players
- RenewSys India: Manufacturer of solar PV cells, modules, and BESS components based in India. Comparable in producing both modules and energy storage systems, though larger scale in encapsulants.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Surana Solar social profiles
Digital presenceSurana Solar compliance and trust
Trust signalCompliance6 records
Surana Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Surana Solar leadership team
Management profileNumber of profiles
Profiles6 records
Surana Solar subsidiaries and ownership
Company hierarchySubsidiaries1 record
Surana Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Surana Solar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Surana Solar
What does Surana Solar do?
Surana Solar Limited manufactures Solar Photovoltaic (PV) Modules — including N-Type TOPCon and Bi-Facial variants — and delivers turnkey EPC (Engineering, Procurement and Construction) services for grid-connected solar power plants ranging from 1 MW to 100 MW. The company also supplies Battery Energy Storage Systems (BESS) for grid stabilization and peak modulation, operating manufacturing facilities at Cherlapally (12 MW) and Fabcity, Hyderabad (500 MW TOPCon capacity).
Is Surana Solar a public or private company?
Surana Solar is a public company. It is classified as public and is currently operating.
When was Surana Solar founded?
Surana Solar was founded in 1978. It employs 51 to 100 people.
Where is Surana Solar based?
Surana Solar is headquartered in Secunderabad, India, in the Asia region.
How does Surana Solar make money?
Three revenue lines are on record. Solar PV Module Sales are the primary driver. The others are EPC Services and battery Energy Storage Systems.
Who are Surana Solar's main competitors?
Direct peers on record are Premier Energies, Waaree Energies, Tata Power Solar Systems, Vikram Solar, Goldi Solar and Adani Solar. Broad incumbents are First Solar, JinkoSolar and Trina Solar. RenewSys India is listed as an emerging player.
Does Surana Solar have an API?
No public API is recorded for Surana Solar.
What industry is Surana Solar in?
Surana Solar's product category is Solar Photovoltaic Modules and EPC Services. Its primary akta.pro industry code is EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 3600.