Multibagger green energy stock engaged in the generation of renewable energy and providing full-stack solutions related to it in green after it secured a new 225 MW work order.
At 11:00 a.m the shares of Suzlon Energy Limited were trading at Rs. 39.20, up 1.29 percent from its previous day’s close price of Rs. 38.70, and its market capitalization is Rs. 53,279 Crores. It has delivered muti-bagger returns of 283 percent in a year and 126 percent in the last six months.
Suzlon Energy Limited has received a new work order to develop a 225 MW wind power project for Everrenew Energy Private Limited. Here Suzlon will install 75 wind turbine generators with a Hybrid Lattice Tubular tower and a rated capacity of 3 MW each at the client’s sites in Vengaimandalam, Trichy district, and Ottapidaram, Tuticorin district in Tamil Nadu.
Suzlon will supply the wind turbines and supervise the project, including commissioning, as part of the agreement, and post-commissioning it will also undertake comprehensive operations and maintenance services.
Suzlon Energy is engaged in the generation of renewable energy and providing full-stack solutions related to it like manufacturing, project execution, operation, and maintenance of wind turbine generators and sale of related components.
It has a strong order book of 1,613 MW and its key clientele consists of Reliance Industries, Adani Renewables, Tata, Gail, Blackrock, and many more.
Its revenue from operations decreased 9.29 percent from Rs. 6,581.78 Crores in FY22 to Rs. 5,970.53 Crores in FY23, accompanied by a loss of Rs. 199.59 Crores to profit of Rs. 2,849.01 Crores.
Written by: Bharath K.S
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