In July, the board of Suzlon Energy had approved raising funds to Rs 2,000 crore from various financial routes, for which the company has received approval from shareholders to raise funds.

In July, the company bagged an order from KP Group in Gujarat for a 47.6-megawatt wind power project located in Vagra in the Bharuch district, which is expected to be commissioned in 2024.

The company has also bagged an order for the development of a 100.8-megawatt wind project from Everrenew Energy Pvt Ltd to install 48 wind turbine generators with a Hybrid Lattice Tubular tower at Velliyanani Phase II in Karur district and Vengaimandalam in Trichy in Tamil Nadu. It is expected to be commissioned in March 2024.

At 2:20 pm, the shares of Suzlon Energy were trading at Rs 19.50 or 4.84% above its previous close of Rs 18.60 on NSE.