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.

Recommended for you

Advertisements

Quick Links

Market News

Crude oil prices might pick up in a year

Demand growth is forecast to pick up this year from last, but is not expected to exceed 900,000 bpd

Global shrimp prices up as supply crunch on the anvil

Prices for 150/250 count shrimp has ticked up over 6.5% from last week to $7.20 per pound

Sensex, Nifty close at new highs on fag-end buying

After a brief pause, stocks continued their upward march today with benchmark Sensex rising 122.59 points to new closing peak of 29,681.77 and ...

Horticulture price stabilisation scheme might receive lukewarm response

Nominated agencies Nafed and NCCF not to participate due to 100% profit sharing and CAG audit clauses, SFAC to procure 10k tonnes potato and 6k ...

Power producers hurl coal quality, pricing charges at CIL again

CIL says inspection procedure under progress, billing according to agreement

 

Back to Top