Suzlon Energy rallies on bagging ONGC order
The project comprises 49 units of Suzlon's S88-2.1 MW wind turbines to be set up in the north western state of Rajasthan.
Suzlon Energy has rallied almost 8% to Rs 22.90, after India’s largest wind-turbine maker said that it wins 103-megawatt (MW) order from Oil & Natural Gas Corporation Limited (ONGC).
“The project comprises 49 units of Suzlon’s S88-2.1 MW wind turbines to be set up in the north western state of Rajasthan,” Suzlon Energy said in a regulatory filing.
Suzlon will complete the project in the financial year ending March 31, 2014, it added.
The stock opened at Rs 21.70 and hit a high of Rs 23.25 on the National Stock Exchange (NSE). The counter has seen a rise in trading volumes with a combined 17.19 million shares changing hands in early morning trades, as against 38 million shares that were traded daily in past two weeks on NSE and BSE.
“The project comprises 49 units of Suzlon’s S88-2.1 MW wind turbines to be set up in the north western state of Rajasthan,” Suzlon Energy said in a regulatory filing.
Suzlon will complete the project in the financial year ending March 31, 2014, it added.
The stock opened at Rs 21.70 and hit a high of Rs 23.25 on the National Stock Exchange (NSE). The counter has seen a rise in trading volumes with a combined 17.19 million shares changing hands in early morning trades, as against 38 million shares that were traded daily in past two weeks on NSE and BSE.