Suzlon surges as its subsidiary wins 20.5 MW contract in UK

21 Dec 2011 Evaluate

Suzlon is currently trading at Rs. 17.95, up by 0.20 points or 1.13% from its previous closing of Rs. 17.75 on the BSE.

The scrip opened at Rs. 18.45 and has touched a high and low of Rs. 18.60 and Rs. 17.70 respectively. So far 1782633 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 58.45 on 21-Apr-2011 and a 52 week low of Rs. 17.50 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 21.15 and Rs. 17.50 respectively. The current market cap of the company is Rs. 3154.82 crore.

The promoters holding in the company stood at 54.84% while Institutions and Non-Institutions held 16.67% and 28.33% respectively.  

Suzlon Group’s wholly-owned subsidiary - REpower - has signed a deal to supply 20.5 MW to Sixpenny Wood wind farm, which has been developed by Your Energy, a subsidiary of AES Wind Generation. The wind farm, located 2.5 miles east of 1Howden, in the East Riding of Yorkshire, consists of 10 MM92 REpower machines.

The turbines at Sixpenny Wood, with a rated output of 2.05 MW each, will generate enough electricity to power the equivalent of nearly 12,000 homes annually. Installation of the wind turbines will start in mid-2012 and the wind farm is expected to be complete by the end of the year.

This is the first contract REpower has signed with AES Wind Generation, which is a subsidiary of The AES Corporation, a global power company operating more than 1,800 MW or wind capacity around the world.

Suzlon Energy is the flagship company of the dynamically growing Suzlon Group. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. The company now has global presence in five continents with manpower of over 13,000 people located in 14 countries.

Suzlon Energy Share Price

64.43 0.26 (0.41%)
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