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.

Related News

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.

Read more on:   
|
|

Read More

UCO Bank slips on declining net

Shares of UCO Bank has slumped after the bank posted a sharp drop in net profit for the third quarter ended December 31, 2012.

Quick Links

 

Market News

Raising the output key to Cairn India's prospects

With crude oil prices benign, increasing oil and gas production is crucial to drive growth

Biocon sees muted quarter, lacks immediate triggers

Reduced exports to West Asia & North Africa, capacity constraints affect sales

Exchanges plan stake sales in depository arms

NSE in talks with investors for offloading stake, BSE considering an IPO; to do so before April

Many listed firms had same auditors for over 10 yrs: IIAS

Proxy advisory body Institutional Investor Advisory Services India (IIAS) has called for periodic rotation of auditors and capping their tenure ...

Freeing diesel : Profound effect across many industries

The decontrol of diesel over the weekend will have a profound effect on the oil industry value chain. It could significantly reduce the fiscal ...

Back to Top