Shares of Suzlon Energy Ltd surged 6.5% to touch a day’s high of Rs 59.70 on 21st April, following a draft notification by the Ministry of New and Renewable Energy mandating local sourcing of key components used in wind turbine manufacturing.
The Ministry of New and Renewable Energy has released a draft for wind turbine models for the Revised List of Models & Manufacturers (RLMM).
The move aims to boost domestic content in wind turbine production by mandating that key components—such as blades, towers, gearboxes, and generators—must be sourced from Indian vendors.
Earlier on 17th April, Suzlon bagged an order from Sunsure Energy for a project in Maharashtra’s Jath region. Under the deal, Suzlon will supply 48 advanced S120 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLTs), each with a capacity of 2.1 MW.
The company also announced that it has added 50GW of wind installations. Currently, the firm’s market capitalisation stands at around Rs 80,158 crore.
At 1:15 PM, the shares of Suzlon were trading 6.65% higher at Rs 58.73 on NSE.
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