Suzlon Energy spurts after its group secures order from Juniper Green Energy
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Suzlon Energy is currently trading at Rs. 32.74, up by 1.27 points or 4.04% from its previous closing of Rs. 31.47 on the BSE.
The scrip opened at Rs. 31.99 and has touched a high and low of Rs. 32.90 and Rs. 31.90 respectively. So far 4975411 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 34.10 on 23-Oct-2023 and a 52 week low of Rs. 6.96 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 34.10 and Rs. 30.30 respectively. The current market cap of the company is Rs. 44540.72 crore.
The promoters holding in the company stood at 13.29%, while Institutions and Non-Institutions held 20.71% and 66.00% respectively.
Suzlon Group has secured order of the 3 MW product series for the development of a 50.4 MW wind power project for Juniper Green Energy. Suzlon will install 16 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capacity of 3.15 MW each.
The project is located at Dwarka district in Gujarat and is expected to be commissioned in 2025.
This is the repeat order for the company’s largest turbine rated 3.15 MW, S144?140m from the 3 MW series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) 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.
