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Suzlon shines on commissioning 900 MW wind energy projects in FY16

02 May 2016 Evaluate

Suzlon Energy is currently trading at Rs. 15.52, up by 0.53 points or 3.54% from its previous closing of Rs. 14.99 on the BSE.

The scrip opened at Rs. 14.90 and has touched a high and low of Rs. 15.66 and Rs. 14.53 respectively. So far 8991634 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.00 on 06-Aug-2015 and a 52 week low of Rs. 12.80 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 15.24 and Rs. 14.10 respectively. The current market cap of the company is Rs. 7761.70 crore.

The promoters holding in the company stood at 21.02% while Institutions and Non-Institutions held 23.10% and 55.66% respectively.

Suzlon Group has commissioned 900 MW wind energy projects during the financial year 2015?16 (FY16), of which 520 MW was commissioned in Q4 FY16. This amounts to a more than 100% increase in installations, vis? a ?vis 442 MW installed during the financial year 2014?15 (FY15). Suzlon continues to maintain market leadership in India with 36% cumulative market share and diversified presence across 8 states. The year also marked the debut of Telangana in the wind energy sector with its maiden capacity addition of 78 MW installed by Suzlon.

The projects were executed for a variety of customers including Independent Power Producers (IPPs), Public Sector Units (PSUs) and Small and Medium Enterprises (SMEs). Suzlon’s newest product variant S97 120m hybrid tower constituted 31% (134 wind turbines) of its total commissioned capacity. With the installation of 900 MW in FY16, Suzlon’s cumulative global wind energy installations reach 15.50 GW consisting of 9.50 GW installations in India.

The wind energy sector in India recorded its highest installation of 3,300 MW in FY16, marking a 42.74% growth compared to FY15.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.

Suzlon Energy Share Price

53.97 -1.01 (-1.84%)
11-May-2026 10:21 View Price Chart
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