Suzlon Energy shares hit 5% upper circuit amid block deal
Suzlon Energy hit a 5% upper circuit at Rs 51.3 in Thursday's trade on BSE amid reports of a block deal executed on the counter.
As per reports, 0.3% equity of Suzlon Energy changed hands in a block deal.
The buyers and sellers in the deal are not known.
At 10:38 am, the scrip was trading 4% higher at Rs 50.9 on BSE. The stock has delivered multibagger returns, rallying 256% in the past year and surging 680% in the last two years.
Earlier in May, Suzlon Energy announced a new order win for the development of an 81.9 MW wind energy project from Oyster Green Hybrid One. Suzlon will install 26 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at the client’s site in Agar, Madhya Pradesh.
The order relates to the company's larger rated 3.15 MW, S144-140m turbines from the 3 MW product series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning. Suzlon will also undertake comprehensive operations and maintenance services post-commissioning.
Additionally, in May, the company won new orders of 402 MW from Juniper Green Energy for the 3 MW series. As part of this order, Suzlon will install 134 wind turbine generators (WTGs) with a rated capacity of 3 MW each.
The project is located at Fatehgarh in Rajasthan, and projects of this size can provide electricity to nearly 3.31 lakh households. It will also curb nearly 13.07 lakh tonnes of CO2 emissions per year.
These are
