Suzlon secures an order of 25.2 MW from Sri Kumaraswamy Mineral Exports Pvt. Ltd.

Suzlon Group, India's largest renewable energy solutions provider, has announced a new order win for the development of a 25.2 MW wind power project for Sri Kumaraswamy Mineral Exports Pvt. Ltd. (SKMEPL). Suzlon will install 12 wind turbine generators (WTGs) with a Hybrid Lattice Tubular tower at Hanumanthappa, in Vijayanagara district in Karnataka and is expected to be commissioned in 2024.

Suzlon will supply the wind turbines (equipment supply) and execute the project including, erection and commissioning. Suzlon will also provide comprehensive operations and maintenance services post commissioning.

Rohit Chauhan, Head Business Development India, Suzlon Energy Limited said, "We are delighted to announce our tenth order from Sri Kumaraswamy Mineral Exports Pvt. Ltd. (SKMEPL). As the foremost provider of renewable energy solutions in the country, Suzlon takes pride in the fact that valued customers like SKMEPL continue to select our leading technology and comprehensive capabilities throughout the entire wind energy value chain. SKMEPL has been a significant customer for us in the retail sector and has been associated with Suzlon since 2007, consistently expanding their capacity each year. Suzlon is committed to energizing India's MSME and local industries with green energy."

"Every Suzlon turbine ranging over 80%-90% on domestic content and manufactured in the country through a thriving domestic value chain is a testament to our contribution to the vision of Aatmanirbhar Bharat".

Suzlon turbines feature the time tested Doubly Fed Induction Generator (DFIG) technology that efficiently integrates wind turbines into the utility network to meet the grid requirements. Suzlon's R&D efforts are continuously geared towards increasing turbine performance, harnessing more energy from low wind sites, and lowering the cost of energy.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 8.50 as compared to the previous close of Rs. 8.55. The total number of shares traded during the day was 20942050 in over 12389 trades.

The stock hit an intraday high of Rs. 8.65 and intraday low of 8.37. The net turnover during the day was Rs. 177292032.00.

Source : Equity Bulls

Keywords

SuzlonEnergy INE040H01021 OrderWin