Hot Pursuit     15-Dec-23
Suzlon Energy gains on bagging wind power project in Gujarat
Suzlon Energy advanced 2.04% to Rs 38.09 after the company informed that it has secured 100.8 megawatt (MW) order for the development of 3 megawatt (MW) series from a global utility company in Gujarat.

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

The company will execute the project with a scope of supply, supervision, and commissioning. Additionally, the firm will also undertake post-commissioning operation and maintenance services.

Girish Tanti, Vice Chairman, Suzlon Group said, "This order is in line with Suzlon’s reputation for worldclass wind energy solutions enabling industry leading companies from across the globe to trust us with their wind energy projects. The power generated from this project will serve the people of Gujarat with clean, green, renewable power.

As India's ambitions to be carbon neutral take momentum we are committed to partnering with all stakeholders every step of the way. 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."

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

The company’s consolidated net profit jumped 81.1% to Rs 102.29 crore in Q2 FY24 as against a net profit of Rs 56.47 crore in Q2 FY23. Net sales shed 0.9% YoY to Rs 1,417.21 crore in Q2 FY24.

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