Suzlon Energy rises as its subsidiary installs 325 MW Thornton Bank offshore wind farm

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

15 Jul 2013 Evaluate

Suzlon Energy is currently trading at Rs. 8.94, up by 0.12 points or 1.36% from its previous closing of Rs. 8.82 on the BSE.

The scrip opened at Rs. 8.82 and has touched a high and low of Rs. 8.94 and Rs. 8.70 respectively. So far 427037 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 26.90 on 06-Feb-2013 and a 52 week low of Rs. 8.70 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 9.48 and Rs. 8.76 respectively. The current market cap of the company is Rs. 1853.17 crore.

The promoters holding in the company stood at 37.78% while Institutions and Non-Institutions held 26.84% and 35.17% respectively.

Suzlon Group-subsidiary, REpovver Systems SE, has installed the last of the 48 total REpower 6M turbines in the Belgian offshore wind farm Thornton Bank. The customer for this project is a Belgian offshore project development company C-Power, which was set up by four Belgian investors and counts REpower customers RWE Innogy and EDF EN amongst its shareholders. Meanwhile, ABB and THV Seawind, a consortium between DEME and Fabricom, were among the installation partners.

After the completion of all three construction phases, the wind farm has a total output of 325 megawatts. In terms of investment volume, the contract marks the largest financing for a completed project to date in the offshore wind industry overall. Companies from Belgium, Germany, France, the Netherlands, Denmark and Sweden are involved in Thornton Bank, making the wind farm a showcase project for the European offshore wind.

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

53.62 -1.36 (-2.47%)

11-May-2026 14:57 View Price Chart

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