Suzlon Energy rises on winning order

Suzlon Energy rose 1.71% to Rs 13.68 at 10:40 IST on BSE after the company said it received 252 megawatts wind power project order from a leading global utility as part of SECI ll bid.

The announcement was made during trading hours today, 19 December 2017.

Meanwhile, the S&P BSE Sensex was up 95.91 points, or 0.29% to 33,697.59.

On the BSE, 15.42 lakh shares were traded in the counter so far, compared with average daily volumes of 45.35 lakh shares in the past two weeks. The stock had hit a high of Rs 13.79 and a low of Rs 13.52 so far during the day. The stock hit a 52-week high of Rs 22.25 on 22 May 2017. The stock hit a 52-week low of Rs 12.80 on 16 November 2017.

A leading global utility has awarded a wind power project of 252 megawatts (MW) to Suzlon Group. This project is won by the Utility through SECI ll auction held recently. Suzlon will execute the entire project on a turnkey basis and will also provide operation and maintenance services. With this order, Suzlon has secured combined orders of 502 MW across SECI - l and SECI- ll auctions.

On a consolidated basis, Suzlon Energy's net profit fell 72.1% to Rs 68.1 crore on 56.6% decline in net sales to Rs 1187.02 crore in Q2 September 2017 over Q2 September 2016.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 18 countries in Asia, Australia, Europe, Africa and North and South America.

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