Suzlon rises on bagging another 90 MW order from ReNew Power

Suzlon Energy Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 532667 | NSE: SUZLON

04 Jun 2015 Evaluate

Suzlon Energy is currently trading at Rs. 21.05, up by 0.25 points or 1.20% from its previous closing of Rs. 20.80 on the BSE.

The scrip opened at Rs. 21.10 and has touched a high and low of Rs. 21.60 and Rs. 21.00 respectively. So far 11,43,000 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. 10.89 on 22-Oct-2014.

Last one week high and low of the scrip stood at Rs. 25.75 and Rs. 20.25 respectively. The current market cap of the company is Rs. 10,129.00 crore.

The promoters holding in the company stood at 28.39% while Institutions and Non-Institutions held 36.43% and 34.95% respectively.

Suzlon Group, one of the leading wind turbine manufacturer, has won another order for 90.30 MW turnkey project from its existing customer, ReNew Power, an Independent Power Producer (IPP) company. Suzlon will install its S97 90m WTGs (wind turbine generator) with rated capacity of 2.1MW at Ellutla site in Ananthpur district, Andhra Pradesh.

Suzlon is witnessing strong traction in order inflow and this recent 90 MW order from ReNew Power, bolsters its new order intake in Q1 FY 2016 to over 190 MW from leading IPPs. The order of 90 MW from ReNew Power in Andhra Pradesh is the fourth repeat order from ReNew and the second order in the Q1FY16. Suzlon has commissioned 98.70 MW for ReNew Power; 100.80 MW is currently under execution in Rajasthan and recently bagged a 90MW project in Madhya Pradesh.

Suzlon Group is a leading wind turbine manufacturer in India having a global presence with spread extending across Asia, Australia, Europe, Africa and North and South America. With over two decades of operating history, the group has a cumulative installations of over 14 GW of wind energy capacity, operations across over 17 countries, a workforce of over 6,900, a vertically integrated, low-cost India based manufacturing base and strong in house R&D set up in Germany, Netherlands, Denmark and India.

Suzlon Energy Share Price

54.05 -0.93 (-1.69%)

11-May-2026 10:09 View Price Chart

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