Last Updated: October 27, 2023, 14:26 IST
Suzlon Energy shares jumped 4.5 per cent on Friday’s session after the corporate bagged an order for his or her 3 MW sequence generators from Juniper Green Energy Pvt Ltd of fifty.4 MW.
The wind energy venture of the three MW product sequence for the event of a 50.4 MW for Juniper Green Energy Private Limited.
Suzlon will set up 16 wind turbine mills (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capability of three.15 MW every.
The venture is positioned at Dwarka district in Gujarat and is anticipated to be commissioned in 2025.
This is the repeat order for the corporate’s largest turbine rated 3.15 MW, S144‐140m from the three MW sequence.
As per the phrases of the settlement, Suzlon will perform the venture, together with venture execution, building, and commissioning, and ship the wind generators (gear provide). After commissioning, Suzlon may even supply full operations and upkeep companies.
“We are delighted to announce our second order with Juniper Green Energy Private Limited in a short period of time for our 3 MW series. Juniper Green Energy is a committed renewable energy independent power producer (IPP) player in India with a comprehensive wind, solar and hybrid power projects. We are honored that they have partnered with us again for their wind energy project.
The electricity from this project will serve the people of Gujarat, helping us deepen our contribution to the state. Suzlon is committed to serve our customers and the nation with our proven technology, extensive experience, and service excellence in India. We look forward to a continued partnership with Juniper Green Energy in their journey towards a greener India,” mentioned JP Chalasani, Chief Executive Officer, Suzlon Group.
The inventory has been in a bull run since September 14 and has gained over 47 per cent to date. As per trendlyne knowledge, Suzlon share rose 286.31 per cent and outperformed its sector by 226.65 per cent prior to now 12 months.
Earlier brokerage home, JM monetary mentioned that with beneficial situations for the trade, a deleveraged steadiness sheet, and a wholesome order e-book, it anticipates a major enchancment within the firm’s efficiency sooner or later.
The brokerage home initiated protection on the inventory with purchase stance. However, the inventory crossed the brokerage’s goal worth in at present’s session and at present ranges, it’s buying and selling 8.3 per cent increased than the brokerage’s goal worth of Rs 30.
