Suzlon Energy shares jump 4% on bagging new order
Suzlon plans to deploy 214 WTGs equipped with Hybrid Lattice Tubular (HLT) towers.
Suzlon plans to deploy 214 WTGs equipped with Hybrid Lattice Tubular (HLT) towers.
Wind turbine maker Suzlon Energy wins two new orders.
The wind turbine manufacturer will supply 92 wind turbines with a rated capacity of 2.1 MW each.
Suzlon Energy has secured a new order to develop a 100.8 MW wind power project for a leading global utility company.
According to the company, Suzlon has already installed the first prototype of this series at a hub height of 160 m with a hybrid lattice tubular (HTL) tower at the Gondal site in Gujarat.
Shares of Suzlon Energy surged on Friday after the company secured an order for its 3 MW series turbines from Juniper Green Energy.
Dilip Shanghvi family and associate companies terminated shareholders' agreement with Suzlon, which was signed in February 2020.
The wind turbine manufacturer will raise up to ₹2,000 crore through qualified institutional placement.
The share price of wind turbine manufacturer has risen 235% in the last one year after hitting a 52-week low of ₹5.43 on July 28, 2022.
India's wind sector, going through a rough patch, is set for a rebound as the Centre tweaks auction policy, plans offshore wind projects and focuses on replacing old mills.