Suzlon Energy rallies on winning 350 MW order in Canada

With a total rated output of 350 MW the Riviere-du-Moulin wind farm will be the biggest project in the history of REPower.

Suzlon Energy has rallied 8% to Rs 22.95 after the company said its subsidiary REpower Systems SE has signed a definitive contract with EDF EN Canada Inc, for delivery of 175.2 megawatt (MW) wind turbines of the REpower MM82 and MM92 type for a project in Qubec, Canada.

“With a total rated output of 350 MW the Riviere-du-Moulin wind farm will be the biggest project in the history of REPower,” said in a statement.

The construction of the first 150 MW phase is expected to begin producing power in December 2014 and the second 200-megawatt phase will follow a year later, it added.

Meanwhile, the market regulator Securities and Exchange Board of India (Sebi) has disposed of a case against Suzlon Energy and its officials, including Chairman Tulsi Tanti, for alleged violation of Prohibition of Insider Trading (PIT) Regulations through the consent route.

The stock opened at Rs 21.65 and touched high of Rs 23.40 on NSE. As many as a combined 51.89 million shares have already changed hands on the counter in morning deals against an average sub 45 million shares that were traded daily in past two weeks.

image
Business Standard
177 22
Business Standard

Suzlon Energy rallies on winning 350 MW order in Canada

With a total rated output of 350 MW the Riviere-du-Moulin wind farm will be the biggest project in the history of REPower.

SI Reporter  |  Mumbai 

Suzlon Energy has rallied 8% to Rs 22.95 after the company said its subsidiary REpower Systems SE has signed a definitive contract with EDF EN Canada Inc, for delivery of 175.2 megawatt (MW) wind turbines of the REpower MM82 and MM92 type for a project in Qubec, Canada.

“With a total rated output of 350 MW the Riviere-du-Moulin wind farm will be the biggest project in the history of REPower,” said in a statement.

The construction of the first 150 MW phase is expected to begin producing power in December 2014 and the second 200-megawatt phase will follow a year later, it added.

Meanwhile, the market regulator Securities and Exchange Board of India (Sebi) has disposed of a case against Suzlon Energy and its officials, including Chairman Tulsi Tanti, for alleged violation of Prohibition of Insider Trading (PIT) Regulations through the consent route.

The stock opened at Rs 21.65 and touched high of Rs 23.40 on NSE. As many as a combined 51.89 million shares have already changed hands on the counter in morning deals against an average sub 45 million shares that were traded daily in past two weeks.

RECOMMENDED FOR YOU

Suzlon Energy rallies on winning 350 MW order in Canada

With a total rated output of 350 MW the Riviere-du-Moulin wind farm will be the biggest project in the history of REPower.

Suzlon Energy has rallied 8% to Rs 22.95 after the company said its subsidiary REpower Systems SE has signed a definitive contract with EDF EN Canada Inc, for delivery of 175.2 megawatt (MW) wind turbines of the REpower MM82 and MM92 type for a project in Qubec, Canada.

Suzlon Energy has rallied 8% to Rs 22.95 after the company said its subsidiary REpower Systems SE has signed a definitive contract with EDF EN Canada Inc, for delivery of 175.2 megawatt (MW) wind turbines of the REpower MM82 and MM92 type for a project in Qubec, Canada.

“With a total rated output of 350 MW the Riviere-du-Moulin wind farm will be the biggest project in the history of REPower,” said in a statement.

The construction of the first 150 MW phase is expected to begin producing power in December 2014 and the second 200-megawatt phase will follow a year later, it added.

Meanwhile, the market regulator Securities and Exchange Board of India (Sebi) has disposed of a case against Suzlon Energy and its officials, including Chairman Tulsi Tanti, for alleged violation of Prohibition of Insider Trading (PIT) Regulations through the consent route.

The stock opened at Rs 21.65 and touched high of Rs 23.40 on NSE. As many as a combined 51.89 million shares have already changed hands on the counter in morning deals against an average sub 45 million shares that were traded daily in past two weeks.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
H P C L 930.90 9.81
Finolex Cables 334.05 9.43
B P C L 1010.85 9.12
Prestige Estates 184.75 8.84
Lycos Internet 18.95 7.67
> More on BSE Gainers
Company Price() Chg(%)
Finolex Cables 337.00 10.20
H P C L 931.65 9.65
B P C L 1012.00 9.19
Prestige Estates 184.20 8.29
Reliance Power 52.25 7.40
> More on NSE Gainers
Company Price() Chg(%)
Novartis India 724.80 -12.45
Vaibhav Global 267.80 -6.15
Fortis Health. 164.05 -5.56
R C F 43.05 -5.49
Essel Propack 184.25 -4.41
> More on BSE Gainers
Company Price() Chg(%)
R C F 43.05 -5.38
Fortis Health. 164.00 -5.28
VRL Logistics 276.80 -4.83
Vaibhav Global 267.70 -4.77
Ruchi Soya Inds. 22.20 -4.72
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard