Suzlon Energy has secured a 100.8 MW EPC wind power order from Sunsure Energy, marking their maiden foray into wind energy
The domestic brokerage gave the target of Rs 70 per share as the company is a global leader in wind energy with an installed capacity of 20.9 GW across 17 countries
The uptick in Suzlon's share price followed the news that the company had secured a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables
Within the large-cap 100 universe, stocks from Adani group - Adani Green Energy and Adani Energy Solutions - have witnessed a 63 per cent and 54 per cent fall in their PE since September 2024-end
The Nifty SmallCap index surged 2.70 per cent, or 410.7 points, to hit an intraday high of 15,579.15. Similarly, the Nifty MidCap index increased 1.72 per cent to an intraday high of 50,609.25
Analysts expect the markets to remain volatile in the immediate short-term in the backdrop of tepid corporate earnings, Rupee movement and Donald Trump's tariff threats.
Suzlon Energy shares have jumped 16 per cent over the last three trading sessions on the back of robust Q3FY25 results, which were supported by strong execution
The revenue of the company for the quarter under review rose 91.2 per cent to Rs 2,968.81 crore as compared to Rs 1,552.91 crore a year ago
Revenue from operations rose 91 per cent to Rs 2,968.81 crore for Q3FY25, compared with Rs 1,552.91 crore in the corresponding period last year
Renewables solutions provider Suzlon Energy on Tuesday posted 91 per cent jump in consolidated net profit at Rs 388 crore for December quarter on the back of higher revenues. The company had a net profit of Rs 203 crore in the quarter ended December 31, 2023, a company statement said. According to the statement, net revenue rose to Rs 2,969 crore from Rs 1,553 crore in the same period a year ago. The company also achieved record quarterly deliveries of 447 MW in October-December 2024. Manufacturing capacity reached 4.5 GW with revamped Puducherry and Daman Nacelle facilities. It also logged the highest-ever order book at 5.5 GW, and C&I and PSU now constitute 80 per cent of the total order book. "One emerging trend fuelling our growth is our strategic emphasis on Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. As these organisations prioritise sustainability and renewable energy, we're delivering reliable, affordable solutions that power their
63 Moons, Mercury Ev-Tech, Axiscades, JSW Holdings, Indo Tech Transformers, Zaggle, Motisons, Sunflag Iron and EPACK Durable from the BSE Smallcap index were locked at 5% upper limit on Wednesday.
Suzlon's total order book now stands at a highest ever 5.4GW. Its stock soars almost 4% on Wednesday
Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. "Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka," the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer. Under the strategic agreement, Suzlon will supply 96 wind turbine generators (WTGs) of S144 series with hybrid lattice (HLT) towers, each rated at a 3.15 MW capacity. The power generated will be used at steel plants in Chhattisgarh and Odisha, Suzlon said without disclosing the exact value of the multi-crore order. Suzlon Group Vice-Chairman Girish Tanti said, ..