Hyderabad-based, Suryachakra Power Corporation Limited has informed that company’s board has approved the opening of an EPC, Consultancy and Contracts division.

The company is setting up projects through subsidiaries — Lahari Power and Steels Ltd (2x35MW), a coal-based group captive power plant, Sri Panchajanya Power 5-6 MW Solar Thermal Power Plant and South Asian Agro Industries Ltd, a 5-6 MW Solar Thermal Power Plant with support from Man Solar Millennium, Germany.

Suryachakra Power Corporation Limited engages in the generation and trading of electricity in India. It operates a power plant with generation capacity of 20 megawatts in Port Blair, Andaman Islands.

At 11:15 am, Suryachakra Power was quoting at Rs 27.25, up Rs 1, or 4%. It touched an intraday high of Rs 27.25 and an intraday low of Rs 26.50.