Suzlon Energy gains on repeat order from Orange Renewable

Shares of Suzlon Energy were up 3% at Rs 22.40 on the Bombay Stock Exchange after the company said it has received an repeat order from Orange Renewable for installation of 100.8MW at Beluguppa in the state of Andhra Pradesh.

Suzlon will install 48WTGs of S111 90m with rated capacity of 2.1MW each, the company said in a release.

Suzlon will offer operation and maintenance service for an initial period of 12 years through an Integrated Service Package. This repeat order reaffirms customer's faith in Suzlon's product portfolio and service capabilities, the release added.

The project will be commissioned starting FY2016-17, the release added.
 

The stock opened at Rs 22.20 and touched a high of Rs 22.75. At 12:05PM, over 21.7 million shares were traded on both the stock exchanges.