Suzlon spurts on its arm signing framework contract with Maia Eolis

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

21 Feb 2012 Evaluate

Suzlon is currently trading at Rs. 30.05, up by 1.00 points or 3.44% from its previous closing of Rs. 29.05 on the BSE.

The scrip opened at Rs. 29.10 and has touched a high and low of Rs. 30.45 and Rs. 29.10 respectively. So far 3829396 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 58.45 on 21-Apr-2011 and a 52 week low of Rs. 17.25 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 31.00 and Rs. 27.10 respectively. The current market cap of the company is Rs. 5358.76 crore.

The promoters holding in the company stood at 52.76% while Institutions and Non-Institutions held 13.38% and 33.70% respectively.

Suzlon Group's subsidiary, REpower Systems SE, has signed a framework contract with Maia Eolis, a subsidiary of Maia Group and GDF Suez, for the supply of up to 250 megawatts (MW) for onshore wind farms in France. The project is scheduled for delivery between 2012 and 2015. This agreement further strengthens the strategic alliance started with the first contract signed in 2004.

The contract comprises Repower’s best-selling turbines - the MM82 and MM92 - with a nominal power of 2 MW, and the new REpower 3.4M104 and the 3.2M114 with 3.4 and 3.2 MW rated power respectively. The 3MW series is the company's latest onshore development for sites with medium to low wind speeds.

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

56.87 -0.80 (-1.39%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Havells India	1180.75
Siemens	3538.75
Apar Industries	14174.10
ABB India	6949.70
Waaree Energies	2859.20
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