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Suzlon Energy gains on unveiling hybrid wind turbine generator

07 Nov 2014 Evaluate

Suzlon Energy is currently trading at Rs. 14.57, up by 0.56 points or 4.00 % from its previous closing of Rs. 14.01 on the BSE.

The scrip opened at Rs. 14.30 and has touched a high and low of Rs. 14.65 and Rs. 14.10 respectively. So far 2065646 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 36.80 on 12-Jun-2014 and a 52 week low of Rs. 8.24 on 13-Nov-2013.

Last one week high and low of the scrip stood at Rs. 14.07 and Rs. 12.90 respectively. The current market cap of the company is Rs. 4480.05 crore.

The promoters holding in the company stood at 34.46 % while Institutions and Non-Institutions held 37.29 % and 28.00 % respectively.

Suzlon Energy has launched a new hybrid wind turbine generator that is nearly one-and-a-half times taller than the conventional wind turbine. The first of the 120 m tall hybrid tower was launced at a wind farm at Naniber in Kutch district of Gujarat.

The new turbine, whose cost is around 5 per cent higher, can produce around 56 lakh units per annum against 50 lakh units for the 90 m turbine. As it is suited for low wind speed sites, the potential for wind energy in India can double from 1,00,000 MW.

At present, the wind farm has an installed capacity of 1,100 MW and Suzlon is likely to take this to 2,000 MW in the next 3-4 years.

Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

54.98 -0.67 (-1.20%)
08-May-2026 16:59 View Price Chart
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