{"id":112730,"date":"2023-10-27T14:40:24","date_gmt":"2023-10-27T09:10:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112730"},"modified":"2023-10-27T14:40:29","modified_gmt":"2023-10-27T09:10:29","slug":"energy-stock-jumps-after-it-bags-orders-for-development-of-50-4-mw-wind-power-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/energy-stock-jumps-after-it-bags-orders-for-development-of-50-4-mw-wind-power-project\/","title":{"rendered":"Energy stock jumps after it bags orders for development of 50.4 MW wind power project\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3376499478\"><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>Multibagger green energy stock gained 2 percent in the day\u2019s trade after it bags an order for development of 50.4 MW wind power project from Juniper Green Energy Private Limited&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1095902020\"><!-- 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>At 2:18 p.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUZLON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Suzlon Energy<\/a><\/strong> were trading at Rs. 32.10 up 2.23 percent from its previous day close price and its market capitalization is Rs. 43,848 Crores.\u00a0<\/p><p>As per the company\u2019s filing, Suzlon Energy received orders for their 3 MW series turbines for the development of a 50.4 MW wind power project for Juniper Green Energy Private Limited. Suzlon will install 16 wind turbine generators with a Hybrid Lattice Tubular tower of their new product with a rated capacity of 3.15 MW each. The project is located at Dwarka district in&nbsp;<\/p><p>Gujarat and is expected to be commissioned in 2025.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3148328095\"><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>As part of the agreement, Suzlon will supply the wind turbines and execute the project including, erection and commissioning, Suzlon will also provide comprehensive operations and maintenance services post\u2010commissioning.&nbsp;<\/p><p>The company\u2019s revenue decreased by 9.29 percent from 6,581.78 Cr in FY22 to 5,970.53 Cr in FY23, accompanied by a decreasing loss of 166.19 Cr to profit of 2,887.29 Cr.&nbsp;<\/p><p>The company reported net profit margins of 48.35 percent in FY23 and -2.52 in FY22, this shows that the company is making good utilisation of the company\u2019s resources and increasing its profitability.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold 13.29 percent stake, the Domestic Institutional Investors hold 10.73 percent and the Foreign Institutional Investors (FII) hold 9.98 percent.&nbsp;<\/p><p>Suzlon Energy is a green energy generation company and renewable energy solutions provider engaged in the business of manufacturing, project execution, operation and maintenance of wind turbine generators and sale of related components.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-content-10\" id=\"trade-4153004941\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-2257310702\"><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>Multibagger green energy stock gained 2 percent in the day\u2019s trade after it bags an order for development of 50.4 MW wind power project from Juniper Green Energy Private Limited&nbsp; At 2:18 p.m the shares of Suzlon Energy were trading at Rs. 32.10 up 2.23 percent from its previous day close price and its market [&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":[948,936,9460,12381,9459],"class_list":["post-112730","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-latest-orders","tag-suzlon-energy-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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