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Suzlon Energy zooms as its group secures major order of 300 MW from Torrent Power

May-24-2023   10:39 Hrs IST

Suzlon Energy is currently trading at Rs. 9.95, up by 0.49 points or 5.18% from its previous closing of Rs. 9.46 on the BSE.

The scrip opened at Rs. 9.56 and has touched a high and low of Rs. 10.20 and Rs. 9.54 respectively. So far 35391460 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. 10.20 and Rs. 8.37 respectively. The current market cap of the company is Rs. 12298.46 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 bagged a significantly large order for its new 3 MW series of wind turbines to develop a 300 MW wind power project for Torrent Power. Suzlon will install 100 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each. The project is located in Karnataka and is expected to be commissioned in 2025.    

This is the sixth and the largest order for the new Suzlon 3 MW series in less than a month and as part of the agreement, Suzlon will supply the wind turbines (equipment supply), provide land and execute the project including erection and commissioning. Suzlon will also provide comprehensive operations and maintenance services post?commissioning.  

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.