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Suzlon Energy spurts as subsidiary wins 266 MW orders for community windfarms in Germany

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

11 Dec 2013 Evaluate

Suzlon Energy is currently trading at Rs 9.77, up by 0.30 points or 3.18% from its previous closing of Rs. 9.27 on the BSE.

The scrip opened at Rs. 9.44 and has touched a high and low of Rs. 9.83 and Rs. 9.27 respectively. So far 10,71,000 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. 9.98 and Rs. 9.26 respectively. The current market cap of the company is Rs. 2366.29 crore.

The promoters holding in the company stood at 40.34% while Institutions and Non-Institutions held 26.35% and 33.11% respectively.

Suzlon Energy’s subsidiary REpower Systems SE has signed contracts to deliver 103 wind turbines with a total capacity of over 266 megawatts (MW) for 24 community wind farm projects in the Schleswig-Holstein region of Germany. The contracts were concluded with the different contractors who were previously represented by a purchasing association.

REpower signed a primary memorandum with the purchasing association, ‘Schleswig- Holstein GmbH Wind’, in December 2012. This memorandum assured the participants from 52 projects in Schleswig-Holstein binding conditions in a model contract. The participants could choose the appropriate offer from the final negotiated contracts of four different manufacturers for their own location. REpower has won 55 percent of all potential wind turbines for itself in this process.

The projects will employ various types of turbines from the MM82 with 59 metres hub height, to the 3.2M114 with a hub height of 93 metres. 11 wind turbines of the signed projects are already in the implementation phase and are to be commissioned quickly. The other projects will be completed by 2015.

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

52.94 2.68 (5.33%)

17-Apr-2026 16:59 View Price Chart

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Suzlon Energy spurts as subsidiary wins 266 MW orders for community windfarms in Germany

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