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Suzlon Energy Shares: Last Friday, the stock market witnessed a historic surge. For the first time Sensex crossed the mark of 71 thousand points and Nifty also created a new record. Amidst this turbulent boom, shares of energy sector company Suzlon Energy Limited were in strong demand. On Friday, the stock rose 4% to Rs. was 39. However, the stock price is still trading above its 52-week high of Rs. 5 is low. Let us tell you that on November 17, the share price reached 44 rupees. At the same time, in March this year, the share was Rs. It hit a 52-week low of 6.96.
cause of sudden increase
In fact, Suzlon Energy has told the stock exchange that the company has received an order from a leading global utility company to develop a 100.8 MW wind power project. Under this order, Suzlon plans to install 32 Wind Turbine Generators (WTGs) with a rated capacity of 3.15 MW along with new generation Hybrid Lattice Tubular (HLT) towers. The project, located in Gujarat, will also include supply, supervision and commissioning. Along with this, operation and maintenance services will also be provided by Suzlon Energy.
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What the experts said
Girish Tanti, Vice Chairman, Suzlon Energy said, “This order is in line with our reputation for global wind energy solutions, enabling industry leading companies worldwide to trust us for their wind power projects. Tanti said the company is committed to partnering with all stakeholders every step of the way.
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September quarter results
Suzlon Energy reported a massive 45 percent year-on-year rise in profit during the September quarter. With this, the profit of the company rose to ₹ 102 crore. During this period the company’s revenue declined slightly and stood at ₹1417 crore. Revenue during the same period last year was ₹1430 crore.