Business Update16 Sept 2025, 12:29 pm
Surana Solar Ltd's Fabcity Land Now Freehold Property from SEZ
AI Summary
Surana Solar Ltd has announced that the land at Fabcity, where their solar module manufacturing plant is located, has been de-notified from its Special Economic Zone (SEZ) status. Following necessary approvals, the land has been converted into freehold property by the TGIIC, Government of Telangana, and now owned by the company. This development strengthens the company's operational infrastructure and enhances its long-term asset base.
Key Highlights
- Surana Solar Ltd's Fabcity land is now a freehold property.
- The land has been de-notified from its Special Economic Zone (SEZ) status.
- The land ownership has been transferred to the company.
- This move strengthens the company's operational infrastructure.
- The change in land status enhances the company's long-term asset base.