Business & Investment

Suzlon Energy’s share price soars 10%

New Delhi: Energy stocks soared 10% on Wednesday after the company ordered CLP India to develop a 252 MW wind farm project Sidpool In Gujarat.

Suzlon plans to install 120 units of S120-140m wind turbine generators (WTGs), each equipped with a hybrid lattice tubular (HLT) tower with a rated capacity of 2.1 MW.

After the update, Suzlon Energy’s share price rose 10% to Rs 6.49. However, the counter gave up some profits for trading at Rs 6.35 at 10:50 am. The BSE Senex traded at 51,597.89, down 336.99 points or 0.65% at the same time. The script settled down on Tuesday with Rs 5.92.

Rajiv Ranjan Mishra, Managing Director of CLP India, said: CLP group And CDPQ We share our vision of investing in our country’s low-carbon, clean energy portfolio.

The project, located in Sidpers, will be commissioned in 2022. Suzlon carries out the project in the range of supply, foundation, construction and test run.

The S120-140m WTG features proven dual supply induction generator (DFIG) technology that efficiently integrates wind turbines into utility networks to meet grid requirements.

Ashwani Kumar, CEO, Suzuron Group “This is the first big order we have placed after the debt restructuring is complete, in line with our plan to reopen our business and lead the Indian wind energy market head-on. Interest from all stakeholders and customers. Is on the rise. The segment invests in renewable energy. ”

Suzlon Energy’s share price soars 10%

https://economictimes.indiatimes.com/markets/stocks/news/suzlon-energy-shares-jump-10-as-company-bags-sidhpur-project/articleshow/83166722.cms Suzlon Energy’s share price soars 10%

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