Hot Pursuit     25-Aug-23
Suzlon Energy gains on order win
Suzlon Energy jumped 3.16% to Rs 22.17 after the company received large order for its 3 MW series of wind turbines from Teq Green Power XI, part of O2 Power.
According to the order, Suzlon will install 64 of its largest wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 3.15 MW each for the 201.6 MW wind power project. The project is expected to be commissioned in 2025.

This project will enable O2 Power to provide electricity to around 1.66 lakh households and curb about 6.55 lakh tonne of CO2 emissions per year.

Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning. It will also provide operation and maintenance services post‐commissioning.

The Suzlon Group is one of the leading renewable energy solutions provider in the world with presence in 17 countries.

Suzlon Energy's consolidated net profit tumbled 95.85% to Rs 100.90 crore in Q1 FY24 as compared with Rs 2,433.33 crore posted in Q1 FY23. Revenue from operations declined 2.18% year on year (YoY) to Rs 1,347.52 crore in the quarter ended 30 June 2023.

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