Suzlon, a top renewable energy provider in India, recently won a big contract to build a 100.8 MW wind power project. The order comes from a major Nordic Energy Company’s Indian branch, showing Suzlon’s strength in renewable energy industry this will help create demand of Suzlon renewable provider in India, also will help to boost to buy share of Suzlon for investor in Share Market . This project, located in Karnataka, will have 32 wind turbine generators with special HLT towers, each producing 3.15 MW.
This order is significant because it’s a repeat one for Suzlon’s largest turbine, the S144-140m in the 3.15 MW series. Suzlon won’t just supply the turbines but will also manage the project’s execution.
Girish Tanti, Vice Chairman of Suzlon, mentioned, ‘Our 3 MW series is a step forward in technology, tailored for India’s wind conditions. The 3.15 MW turbine is one of the biggest in India.’
JP Chalasani, CEO of Suzlon, highlighted that all Suzlon turbines are made in India, supporting a local value chain, contributing to India’s self-reliance vision.
On the stock market, Suzlon shares closed at Rs 37.05 each on the NSE in the latest trading session. The share price has seen a significant rise of 44.05% in the last three months, a massive 162.43% increase in the last six months, and an impressive 636.06% return in the last 5 years. The share’s 52-week range is between Rs 44 and Rs 6.95.
Suzlon Energy was recently added to the MSCI India Index, announced by MSCI in November, alongside nine other companies, including well-known names like IndusInd Bank and One 97 Communications.
