Suzlon Energy gains as its subsidiary bags 48 MW order in France

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

12 Sep 2013 Evaluate

Suzlon Energy is currently trading at Rs. 6.69, up by 0.29 points or 4.53% from its previous closing of Rs. 6.40 on the BSE.

The scrip opened at Rs. 6.41 and has touched a high and low of Rs. 6.85 and Rs. 6.40 respectively. So far 42,28,000 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. 5.72 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 6.62 and Rs. 6.15 respectively. The current market cap of the company is Rs. 1,446 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 signed a contract with Valorem for 24 wind turbines of type MM92 with 80 metres hub height and a rated power of 2 megawatt (MW) to be supplied to four windfarms located in French Picardie, Pays de la Loire and Burgundy regions. REpower will also provide the full maintenance of the windfarms for 10 years.

The Airaine wind farm, located in Picardie, with a total power output of 12 MW, will be inaugurated on September 19, 2013. Work at the Pays de Retz South windfarm, located in Loire Atlantique, began recently and the commissioning is planned for autumn of this year.

The towers of the 24 turbines will be manufactured at the Franceole facility in the Burgundy region. Valorem's subsidiary, Valrea, coordinates civil works and electrical works. Civil works, electrical works and other services as transport are handled by French companies.

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

54.98 -0.67 (-1.20%)

08-May-2026 16:59 View Price Chart

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