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Suzlon Energy rises on winning 197.40 MW repeat order

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

11 Jan 2016 Evaluate

Suzlon Energy is currently trading at Rs. 21.70, up by 0.05 points or 0.23% from its previous closing of Rs. 21.65 on the BSE.

The scrip opened at Rs. 21.20 and has touched a high and low of Rs. 21.95 and Rs. 20.90 respectively. So far 5001489 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.35 on 19-Mar-2015 and a 52 week low of Rs. 14.15 on 23-Jan-2015.

Last one week high and low of the scrip stood at Rs. 23.25 and Rs. 20.90 respectively. The current market cap of the company is Rs. 10752.62 crore.

The promoters holding in the company stood at 21.45% while Institutions and Non-Institutions held 29.93% and 48.41% respectively.

Suzlon Group, one of the leading wind turbine manufacturers, has signed a binding term sheet and received advance payment for execution of 197.40MW with one of the leading renewable energy IPPs. Once the due diligence is completed and construction contracts are inked, Suzlon will supply, install and commission 47 wind turbines of 597-120 m hybrid tower and 47 units of 5111-90 m tubular tower wind turbine with rated capacity of 2.1 MW each. The project will be located at Anantapur district of Andhra Pradesh (AP). Suzlon will offer operation and maintenance services for 12 years through an integrated service package. The project is scheduled to be commissioned by February 2017.

Suzlon has recently commissioned first wind power project in India of 50.40MW located in Tejuva, Jaisalmer (Rajasthan) for the same customer. This repeat order is a testament to the faith reposed by customers in Suzlon's proven ability to execute high quality projects. The S97-120 m and 5111-90 m turbines are the latest product variants introduced by Suzlon, and belong to the reliable and proven 2.1MW product platform. The products are part of the next generation product suite designed to unlock the potential of low wind sites.

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.

Suzlon Energy Share Price

52.94 2.68 (5.33%)

17-Apr-2026 16:59 View Price Chart

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Suzlon Energy rises on winning 197.40 MW repeat order

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