Suzlon Bagged 3rd Order In 10 Days, Stock Locked In Upper Circuit

Suzlon Energy is an Indian Multinational wind turbine manufacturer founded in 1995, It is headquartered in Pune. It is a pioneer in the field of wind energy, it currently has a presence in 17 countries and has installed over 12,860 wind turbines across 6 continents. The company has received its first order from Oyster Green Hybrid One Pvt. Ltd. This has been the third order for the company in the last ten days.

Details of the Order

Suzlon Group has secured a new order to develop an 81.9 MW wind energy project for Oyster Green Hybrid One Pvt. Ltd. The project is going to involve the installation of 26 wind turbine generators (WTGs) with Hybrid Lattice Tubular (HLT) towers, each with a rated capacity of about 3.15 MW. Located in Agar, Madhya Pradesh, the project will feature Suzlon’s larger rated S144-140m turbines from their 3 MW product series. Under the agreement, Suzlon will supply the wind turbines, execute the project including erection and commissioning, and they will also provide comprehensive operations and maintenance services post-commissioning.

CEO of Suzlon Energy on this order win

Vivek Srivastava, Chief Executive Officer of the Indian Business of Suzlon Group has said, “We are happy to announce our first order with Oyster Green Hybrid One Private Limited, an Indian Independent Power Producer (IPP) of great repute. We welcome  Oyster to the  Suzlon experience and thank them for trusting in our leading technology and comprehensive capabilities throughout the wind energy value chain. He further said that the company appreciates the trust and faith their customers have built for them and will continue to uphold it with their services.

Stock Performance

The stock of Suzlon Energy Ltd is locked in at an upper circuit of Rs.47.65 a piece in the afternoon session. The stock has up by 15% over the past one month and is already up by more than 330% over the past one year.

Conclusion: Suzlon Group’s new partnership with Oyster Green Hybrid One has marked a significant milestone for them. This is showcasing trust in Suzlon’s advanced technology and comprehensive wind energy solutions. This project not only strengthens Suzlon’s position in the renewable energy sector but also highlights its commitment to quality and reliability. The stock of Suzlon Energy Ltd is currently locked in at an upper circuit of Rs.47.65 a piece.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.