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Suzlon Energy gains after winning order

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rose 1.78% to Rs 14.84 at 12:05 on after the company said it won an order for a 50.40 megawatt wind power project from a leading business house.

The announcement was made during trading hours today, 28 November 2016.

Meanwhile, the Sensex was up 64.45 points, or 0.24%, to 26,380.79.

On BSE, so far 11.36 lakh shares were traded in the counter, compared with average daily volume of 45.11 lakh shares in the past one quarter. The stock hit a high of Rs 14.96 and a low of Rs 14.48 so far during the day. The stock hit a 52-week high of Rs 23.25 on 5 January 2016. The stock hit a 52-week low of Rs 12.47 on 9 November 2016. The stock had outperformed the market over the past 30 days till 25 November 2016, falling 0.21% compared with the 5.73% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 9.72% as against Sensex's 5.28% decline.

The mid-cap company has equity capital of Rs 1004.88 crore. Face value per share is Rs 2.

announced its order win of 50.40 megawatt (MW) wind power project from a leading business house. The project consists of 24 units of S95 90m tubular tower with rated capacity of 2.1 MW.

Located in the district of Anantapur, Andhra Pradesh, the project is scheduled for completion in March 2017. This order win takes the total current year order portfolio with the business house to 84 MW out of which 33.60 MW was announced earlier as a part of order wins from SMEs.

Suzion will provide comprehensive operation and maintenance for a period of 20 years and includes dedicated Life cycle asset management services to the project. The project has the potential to provide power to over 27,000 households and reduce 0.10 million tonnes of CO2 emissions per annum.

On a consolidated basis, reported net profit of Rs 237.62 crore in Q2 September 2016 as against net loss of Rs 201.66 crore in Q2 September 2015. Net sales rose 57.30% to Rs 2746.18 crore in Q2 September 2016 over Q2 September 2015.

Suzion Energy is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 12:00 IST