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

With this order win, the collaboration now powers 1 gigawatt (GW) of wind energy in India.

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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