 "Suzlon Energy extends gains after securing new order")
Suzlon Energy has moved higher by 8% to Rs 26.10, extending its previous day’s gains of about 1% on the NSE, after the wind turbine maker said that has bagged an order to set up a 90 mw wind project from ReNew Power, for an undisclosed amount.
“Suzlon Group has won a new order for 90 MW turnkey project from its existing customer, ReNew Power. Suzlon will install its revolutionary S97 120m Hybrid Tower WTGs (wind turbine generator) with rated capacity of 2.1 MW in Ratlam district, Madhya Pradesh (MP)”, Suzlon Energy said in a press release on Wednesday.
The project is scheduled for commissioning by March 2016, the company added.
Suzlon said it has commissioned 98.70 MW for ReNew Power so far and 100.80 MW is currently under execution in Rajasthan.
The counter has seen huge trading volumes, with a combined 43.63 million shares changing hands on the NSE and BSE till 1308 hours.
“Suzlon Group has won a new order for 90 MW turnkey project from its existing customer, ReNew Power. Suzlon will install its revolutionary S97 120m Hybrid Tower WTGs (wind turbine generator) with rated capacity of 2.1 MW in Ratlam district, Madhya Pradesh (MP)”, Suzlon Energy said in a press release on Wednesday.
The project is scheduled for commissioning by March 2016, the company added.
Suzlon said it has commissioned 98.70 MW for ReNew Power so far and 100.80 MW is currently under execution in Rajasthan.
The counter has seen huge trading volumes, with a combined 43.63 million shares changing hands on the NSE and BSE till 1308 hours.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%