Suzlon Energy in the limelight

Currently at Rs.11.22, Suzlon Energy is much closer to its 52-week low of Rs.10.63 rather than the high of Rs.22.25. During the morning session, it spurted up over 3.3% to Rs.11.39.

This spurt was driven by an order receipt. The company announced today morning during market hours about an order win for development of 75 MW wind power project from a leading Independent Power Producer (IPP) through Maharashtra State Electricity Distribution Company Limited (MSEDCL) bid.

Suzlon will install around 36 units of S111-140m wind turbine generators (WTGs) with rated capacity of 2.1 MW each. The project will be located in Maharashtra and will be commissioned as per MSEDCL bid guidelines.

Suzlon will execute the entire project on a turnkey basis and will also provide comprehensive operation and maintenance services for the complete project lifecycle.