21-Dec-2023
2 mins read
Suzlon Energy experienced a notable stock surge in response to a significant repeat order for a wind power project in Gujarat.
Securing a Significant Repeat Order
Suzlon Energy secures a substantial repeat order for a 193.2 MW wind power project, boosting investor confidence.
Project Details and Location
The project, part of a Wind-Solar Hybrid in Gujarat, is set to contribute significantly to the state’s renewable energy goals. Suzlon will deploy 92 advanced S120 wind turbine generator units in the Bharuch district, underscoring its technological capabilities.
Recent Success and Expansion
This order follows closely after another major deal with a global utility for a 100.8 MW wind power project, highlighting Suzlon’s growing market presence.
Stock Market Impact
The announcement propels Suzlon Energy’s shares to close 4.49% higher at Rs 37.25 on the NSE, reflecting strong market support.
These back-to-back orders fortify Suzlon Energy’s position in the renewable sector and signal a promising future in sustainable energy development.