Suzlon Energy rises 3% on order for 100.8 MW wind power project

Under the project, Suzlon will install 32 wind turbine generators with a hybrid lattice tubular tower and a rated capacity of 3.15 MW each.

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Shares of Suzlon Energy rose 3 percent in early trade on December 15 after the company bagged an order for the development of a 100.8 MW wind power project from a global utility company.

Under the project, which will be located in Gujarat, Suzlon will install 32 wind turbine generators with a hybrid lattice tubular  tower and a rated capacity of 3.15 MW each, which is a part of Suzlon’s 3 MW series.

Moreover, Suzlon will also execute the project with a scope of supply, supervision, and commissioning and along with that, the company will also undertake post-commissioning operation and maintenance services.

At 10.06 am, shares of Suzlon Energy were trading 1.2 percent higher at Rs 37.80 on the NSE.

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“The Suzlon 3 MW series is the next stage evolution of our proven technology, customized for the Indian wind regime and 3.15 MW is one of the largest wind turbines in the country today,” said Girish Tanti, Vice Chairman, Suzlon Group.

The wind project will also help further India’s ambitions to be carbon neutral.

Suzlon’s 3 MW – 3.15 MW wind turbine series got a listing from the government last month which paved the way for its commericialisation.

Suzlon Energy recorded a net profit of Rs 102.29 crore in the September quarter, up from Rs 56.47 crore in the previous fiscal. The jump in net profit came despite a slight decline in revenue to Rs 1,417 crore in Q2 as against Rs 1,430 crore in the year-ago period.

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