Suzlon Energy Ltd.

BSE: 532667 | NSE: SUZLON
Mid Cap | Electric Equipment
47.97
0.11 (0.23%)
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Suzlon strengthens on signing 50.4 MW order with Orange Renewable Power

Date: 30-01-2013

Suzlon Energy is currently trading at Rs. 21.20, up by 0.15 points or 0.71% from its previous closing of Rs. 21.05 on the BSE.

The scrip opened at Rs. 21.25 and has touched a high and low of Rs. 21.60 and Rs. 21.10 respectively. So far 2381940 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 32.35 on 10-Feb-2012 and a 52 week low of Rs. 14.75 on 31-Aug-2012.

Last one week high and low of the scrip stood at Rs. 21.95 and Rs. 17.90 respectively. The current market cap of the company is Rs. 3768.02 crore.

The promoters holding in the company stood at 50.65% while Institutions and Non-Institutions held 9.95% and 39.19% respectively.

Suzlon Group, the world’s fifth leading and India’s largest wind turbine manufacturer, and Orange Renewable Power, an emerging Independent Power Producer (IPP), have agreed for a 50.4 MW wind energy project scheduled for completion in FY 2012-13.

Suzlon will supply 24 units of the S88 - 2.1 MW wind turbine generators totaling 50.4 MW of capacity, install, operate and maintain the wind turbines for this end to end project, in the Jaisalmer district of Rajasthan.

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.