{"id":110570,"date":"2023-09-22T13:50:16","date_gmt":"2023-09-22T08:20:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110570"},"modified":"2023-09-22T13:50:22","modified_gmt":"2023-09-22T08:20:22","slug":"multibagger-renewable-energy-stock-receives-an-order-for-installing-14-wind-turbine-generators","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-renewable-energy-stock-receives-an-order-for-installing-14-wind-turbine-generators\/","title":{"rendered":"Multibagger Renewable energy stock receives an order\u00a0for installing 14 wind turbine generators"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3070992371\"><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 a renewable energy company recovered from its intraday low of \u20b9 24.50 apiece after gaining 4 percent. Its shares were trading at \u20b9 25.50 apiece at 12:04 PM on Friday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4146263050\"><!-- 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>India\u2019s largest renewable energy provider, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUZLON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Suzlon Energy<\/a><\/strong> informed the exchanges that it has secured an order from BrightNight, a global renewable power producer, for the development of a 29.4 MW of wind installed capacity for 100 MW co\u2010located wind\u2010solar hybrid project of BrightNight.\u00a0<\/p><p>Suzlon will install 14 units of their S120 \u2013 140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each at Osmanabad in Maharashtra. The project is expected to be commissioned in phases, beginning in April 2024. The scope of the project includes supply, installation, commissioning and post-commissioning operation and maintenance services.&nbsp;<\/p><p>\u201cWe are happy to announce our first order with \u2018BrightNight\u2019, a global renewable energy Independent Power Producer (IPP) with a rapidly growing footprint in India.,\u201d said JP Chalasani, Chief Executive Officer, Suzlon Group.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1267998802\"><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>Suzlon Energy Ltd manufactures wind turbine generators and related components of various capacities. It operates across 17 countries across the globe. Its services include operations and maintenance, optimization and digitalization, value-added services and products and multi brand operations and maintenance services.&nbsp;<\/p><p>With a market capitalization of \u20b9 34,310 crores, Suzlon Energy is a mid-cap company. It has an ideal return on equity of 19.36 percent but a high debt-to-equity ratio of 1.76. Its shares were trading at a price-to-earnings ratio (P\/E) of 67.08, which is lower than the industry P\/E of 68.59, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><p>As per its latest shareholding pattern, retail investors hold a 72.80 percent stake, promoters with 14.50 percent, foreign institutions with 6.81 percent domestic institutions with 5.15 percent, and mutual funds with 0.74 percent.&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-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-1753118672\"><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 a renewable energy company recovered from its intraday low of \u20b9 24.50 apiece after gaining 4 percent. Its shares were trading at \u20b9 25.50 apiece at 12:04 PM on Friday.&nbsp; India\u2019s largest renewable energy provider, Suzlon Energy informed the exchanges that it has secured an order from BrightNight, a global renewable power producer, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105377,"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":[948,936,12381,9459,10184],"class_list":["post-110570","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-orders","tag-suzlon-energy-share-price","tag-why-is-suzlon-energy-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger Renewable energy stock receives an order\u00a0for installing 14 wind turbine generators - 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