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Suzlon soars on plan to develop up to 3000 MW of clean energy projects in Gujarat

12 Jan 2015 Evaluate

Suzlon Energy is currently trading at Rs. 15.20, up by 0.43 points or 2.91% from its previous closing of Rs. 14.77 on the BSE.

The scrip opened at Rs. 15.00 and has touched a high and low of Rs. 15.45 and Rs. 14.95 respectively. So far 1936351 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. 9.36 on 28-Jan-2014.

Last one week high and low of the scrip stood at Rs. 16.44 and Rs. 13.70 respectively. The current market cap of the company is Rs. 4880.46 crore.

The promoters holding in the company stood at 32.75% while Institutions and Non-Institutions held 33.71% and 33.29% respectively.

Suzlon Group, the world’s fifth largest wind turbine maker has expressed intent to develop clean energy projects in Gujarat of 3000 MW over the next five years. The company has taken up the challenge put forth by Narendra Modi of establishing 2000 MW wind energy in Gujarat and till date has already installed 1800 MW thus accounting for 20% of Suzlon’s total pan-India capacity of over 8250 MW.

The wind energy projects will attract investments with an aim to create sustainable economic growth for the state in addition to reinforcing the ‘Make in India’ campaign initiated by the Indian Government. As part of the ‘Make in India’ campaign, the project has the potential to create 6000 direct and 75,000 indirect jobs in the state.

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

52.48 -0.46 (-0.87%)
20-Apr-2026 16:59 View Price Chart
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