Suzlon soars as its arm concludes contract for delivery of two 6M wind turbines

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

29 Nov 2011 Evaluate

Suzlon is currently trading at Rs 23.95, up by 0.75 points or 3.23% from its previous closing of Rs 23.20 on the BSE.

The scrip opened at Rs 23.40 and has touched a high and low of Rs 24.30 and Rs 23.35 respectively. So far 3394736 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 24.30 and Rs 21.20 respectively. The current market cap of the company is Rs 4123.49 crore.

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

Suzlon Group’s wholly-owned subsidiary - REpower Systems SE - has concluded a contract with RWE Energy for the delivery of two Repower 6M wind turbines at the beginning of the EWEA Offshore exhibition in Amsterdam. The turbines, each with a rated power of 6.15 MW and a hub height of 114 meters, will be installed in the Westereems wind farm near Eemshaven in the Dutch province of Gronigen.

With a current installed power of 156 MW, Westereems is already the largest wind farm in the Netherlands and will now be extended with a further 12.3 MW, and, for the first time, feature REpower turbines at this location. The turnkey project, which also involves the manufacturing of foundations is slated for completion by mid 2012. Further, the two 6M turbines correspond to the type which RWE Innogy is shortly going to use in the offshore wind farm North Sea East. Installation of the wind farm Nordsee Ost, some 30 kilometres North of Helgoland, is to be started in spring 2012. In total, 48 turbines of the 6M type will be used there.

REpower is currently working on the production of the wind turbines at the company's offshore production location in Bremerhaven, which is on schedule. Further the turbines are due to be delivered in the course of 2012.

Suzlon Energy is the flagship company of the dynamically growing Suzlon Group. Suzlon energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. The company now has global presence in five continents with manpower of over 13,000 people located in 14 countries.

Suzlon Energy Share Price

58.45 -0.81 (-1.37%)

18-Jun-2026 16:59 View Price Chart

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