{"id":103396,"date":"2023-05-24T18:50:50","date_gmt":"2023-05-24T13:20:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103396"},"modified":"2023-05-24T18:55:29","modified_gmt":"2023-05-24T13:25:29","slug":"energy-stock-jumps-7-after-company-secures-order-to-develop-wind-power-project-from-torrent-power","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/energy-stock-jumps-7-after-company-secures-order-to-develop-wind-power-project-from-torrent-power\/","title":{"rendered":"Energy stock jumps 7% after company secures order to develop wind power project from Torrent Power\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-625519160\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Suzlon Energy soared 8 percent on Wednesday after the renewable energy solutions provider announced that it has bagged its largest order for the new Suzlon 3 MW series from Torrent Power.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-954862094\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In a press release, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUZLON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Suzlon<\/a><\/strong> said that it won a major order for its 3 MW series of wind turbines, to develop a 300 MW wind power project from Torrent Power. The project is located in Karnataka and is expected to be completed in phases by 2025. Suzlon will install 100 wind turbine generators with a Hybrid Lattice Tubular Tower and a rated capacity of 3 MW each. This is the fourth order that it has received from Torrent Power.&nbsp;<\/p><p>The company bagged six orders in the past month, leading to a 24% rally in its share price. This includes the latest order from torrent power, a 204 MW order from Serentica Renewables on May 22, a 25.2 MW order from Sri Kumaraswamy Mineral ExportsPvt. Ltd. on May 19, a 69+ MW order from Nordic Energy Company, a 99 MW order from Vibrant Energy on May 17, and a 69.3 MW order from Juniper Green Energy on May 02. Cumulatively, it has received orders for more than 766.50 MW this month.&nbsp;<\/p><p>Suzlon\u2019s shares settled at \u20b9 10.10, up 6.88% on Wednesday\u2019s closing bell. It has a market capitalization of \u20b9 10,839 crores and is a small-cap company. Its shares were trading at a price-to-earnings ratio (P\/E) of 4.34, which is significantly lower than the industry P\/E of 28.72, indicating that it might be undervalued as compared to its peers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2414783884\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Suzlon Group is one of the leading renewable energy solutions providers in the world with a presence in 17 countries. Headquartered in Pune, India, it comprises Suzlon Energy and its subsidiaries. It is a vertically integrated organization with over twenty-eight years of operational track record.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4257441822\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Suzlon Energy soared 8 percent on Wednesday after the renewable energy solutions provider announced that it has bagged its largest order for the new Suzlon 3 MW series from Torrent Power.&nbsp; In a press release, Suzlon said that it won a major order for its 3 MW series of wind turbines, to develop [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,9460,9462,9459,9461],"class_list":["post-103396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-suzlon-energy-latest-news","tag-suzlon-energy-orders","tag-suzlon-energy-share-price","tag-why-is-suzlon-energy-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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