Suzlon Energy spurts as its Group secures new order of 99 MW from Vibrant Energy
Suzlon Energy is currently trading at Rs. 8.45, up by 0.23 points or 2.80% from its previous closing of Rs. 8.22 on the BSE.
The scrip opened at Rs. 8.23 and has touched a high and low of Rs. 8.57 and Rs. 8.21 respectively. So far 17987258 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 12.19 on 20-Dec-2022 and a 52 week low of Rs. 5.43 on 28-Jul-2022.
Last one week high and low of the scrip stood at Rs. 8.57 and Rs. 8.19 respectively. The current market cap of the company is Rs. 10627.07 crore.
The promoters holding in the company stood at 14.50%, while Institutions and Non-Institutions held 13.19% and 72.30% respectively.
Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators (WTGs) featuring its new 3 MW series with a Hybrid Lattice Tubular (HLT) tower for a 99 MW wind power project which is expected to be commissioned by FY25.
This order of the larger wind turbine model from the new 3 MW series ? the S144?140m is part of the agreement wherein Suzlon Energy will supply the wind turbines (equipment supply), provide erection and commissioning services as well as comprehensive operations and maintenance services post?commissioning. This is the third order of the new Suzlon 3 MW series in less than a month.
Suzlon Energy is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy over the world. It has state of the art R & D centers & training campuses in India.
