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Suzlon Energy Shares Rally 4% on Securing Repeat Order for 193 MW Project

The 838 MW will be distributed between Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW).
The 838 MW will be distributed between Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW).

Shares of Suzlon Energy were trading 4% higher on 21 December after the company announced securing a repeat order from the KP Group for the development of a 193.2-megawatt wind power project.

The project will be a part of the Wind-Solar Hybrid and State Transmission Utility Tariff-based project in the state of Gujarat to increase Renewable Energy contribution.

As a part of the order, the company will supply 92 units of its S120 – 2.1-megawatt wind turbine generators with a 140 m Hybrid Lattice Tubular tower at Vagra and Vilayat in the Bharuch district of Gujarat.

Last week, the company received another order from a global utility company to develop a 100.8-megawatt wind power project.

The project is based out of Gujarat and requires the company to install 32 wind turbine generators with a hybrid lattice tubular tower and a rated capacity of 3.15 megawatts each.

At 3:30 pm, the shares of Suzlon Energy closed 4.49% higher at Rs 37.25 on NSE.

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