Suzlon in the limelight

The market remains lackluster though a few stocks are showing some positive traction. Suzlon is doing relatively well with the stock gaining some 2% at Rs.19.80, just a tad away from its 52-week high of Rs.19.85.

The company stated that it has won a repeat order of repeat order of 50.40 MW wind power project from a leading IPP company. 

This is a maiden order for 24 units of Suzlon’s new S111 120m hybrid wind turbine generator, each with a rated capacity of 2.1 MW. Located in Karnataka, the project will be completed by June 2017. 

Suzlon  will  execute  the  entire  project  on  a  turnkey  basis  and  will  also  provide  operation and maintenance services.

The project has the potential to provide power to over 27,000 households and reduce 0.10 million tonnes of CO2 emissions per annum