Suratwwala Natural Energy Stock Jumps 10.5% After It Bags Rs 19 Cr Solar Order in Maharashtra

Synopsis: Suratwwala natural energy secures ₹19 cr solar epc order. The Group’s subsidiary won a 15 MW AC ground-mounted solar EPC contract from Bondada Engineering under Maharashtra’s MSKVY 2.0 scheme.

Mumbai, April 10, 2026 Suratwwala Business Group has secured a major solar energy contract. Its subsidiary, Suratwwala Natural Energy Resource Private Limited, has won a 15 MW AC EPC order from Bondada Engineering Limited.

Suratwwala Business Group’s Limited’s stock, with a market capitalisation of Rs. 538 crores, rose Rs. 31.95, up 10.5 percent from its previous closing price of Rs. 28.91. Furthermore, the stock over the past year has given a negative return of 20.5 percent.

The contract is an EPC deal Engineering, Procurement, and Construction. The subsidiary will handle design, engineering, supply, erection, testing, and commissioning of the solar plant. However, the supply of PV modules is excluded from the scope.

The project is a ground-mounted solar PV plant. It operates on Crystalline Solar PV technology. The plant will support agriculture feeder solarization under Maharashtra’s MSKVY 2.0 scheme.

The contract is valued at approximately ₹19 crore. Additionally, the company must furnish a performance guarantee of 5% of the total contract value. A bank guarantee of equal value is also required under the terms.

The work must be completed within 12 months. A detailed work schedule will be mutually agreed upon by both parties. The contract was formally executed on April 8, 2026. This 15 MW order is not standalone. It brings the total cumulative capacity under this project to 45 MW AC. Therefore, this deal significantly builds on existing work already underway.

The company confirmed that no promoter or group company holds any interest in Bondada Engineering. As a result, this transaction does not qualify as a related-party deal under SEBI rules.

Suratwwala Natural Energy Resource Private Limited was formerly a limited liability partnership. It has since converted into a private limited company. This structural shift signals the group’s growing ambitions in clean energy. India’s solar sector continues to grow rapidly. Suratwwala appears to be moving decisively to capture a larger share of that opportunity.

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