Suzlon soars as its arm concludes contract with EverPower

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

24 Nov 2011 Evaluate

Suzlon Energy is currently trading at Rs 22.70, up by 0.70 points or 3.18% from its previous closing of Rs 22.00 on the BSE.

The scrip opened at Rs 22.10 and has touched a high and low of Rs 22.95 and Rs 22.10 respectively. So far 3724621 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 58.45 on 21-Apr-2011 and a 52 week low of Rs 21.10 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs 25.40 and Rs 21.10 respectively. The current market cap of the company is Rs 3910.20 crore.

The promoters holding in the company stood at 54.84% while Institutions and Non-Institutions held 16.67% and 28.33% respectively.

Suzlon’s subsidiary - REpower Systems SE, concluded a contract with EverPower for the delivery of a total of 68 wind turbines. REpower MM92 type turbines are destined for the Twin Ridges wind project in Somerset County, north of the Maryland - Pennsylvania border. It will be REpower’s first project in Pennsylvania. After its completion, the wind farm will generate a total output of nearly 140 megawatts (MW).

REpower’s MM92 turbines have a rated power of 2.05 megawatts (MW) and a hub height of either 80 or 100 metres each. The project will be a mixture of both hub heights. When complete, it will provide enough clean, renewable energy to power more than 38,000 homes and bring significant economic benefits to the region. Commissioning of the wind farm is scheduled for FY13.

Twin Ridges is the second project between EverPower and REpower. The companies are finalizing their first project together at the 25 turbine Howard wind farm in New York State. This order underscores Suzlon’s strong presence in the North American wind market. It also confirms the group's ability to meet diverse market needs with a comprehensive product portfolio.

Recently, Repower concluded a turn-key contract for the delivery, construction and maintenance of six wind turbines for the La Chaude Vallee wind farm in Northern France.

Suzlon Energy Share Price

54.05 -0.93 (-1.69%)

11-May-2026 10:09 View Price Chart

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