MoneyWorks4Me

Suzlon bags 23-MW turbine order from GAIL valued at Rs 140 cr

22 Nov 2011 Evaluate

Suzlon Energy has bagged an order worth an estimated Rs 140 crore for supply of wind turbines with a cumulative capacity of 23.1 MW to state-run gas utility GAIL (India). The order consists of 11 units of Suzlon's S88 2.1-MW wind turbines, to be commissioned in the states of Tamil Nadu and Karnataka by the end of financial year 2011-12.

Suzlon Energy has frequently received orders from GAIL to supply wind turbines. The latest order is the fourth received by Suzlon Energy from GAIL since the first project was commissioned in March, 2010. While the first project was of 4.5-MW capacity, the second had generation potential of 14.7 MW and is currently under execution in Gujarat. Last month, Suzlon got another order for turbines with a cumulative capacity of 25.5 MW, to be commissioned in Karnataka.

Peers
Company Name CMP
Waaree Energies 2341.00
Apar Industries 14355.15
Havells India 1032.00
Suzlon Energy 37.40
Siemens 3250.00
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