Suzlon Energy skyrockets ~19%

7 Jun 2023 , 03:26 PM

Suzlon Energy Limited’s counter jumped as much as 19% in today’s trade on the back of positive earnings for the period and received new large orders. 

At around 3.22 PM, Suzlon Energy was trading 19.26% higher at Rs 14.55, against its previous close of Rs 12.20 on NSE. The counter hit a new 52-week high of Rs 14.55 in the last few minutes before closing.

In a recent announcement, the company revealed the successful completion of wind energy installations totaling 20 gigawatts (GW) across 17 countries. This achievement involved the deployment of 12,647 wind turbines. The collective capacity of these installations is expected to generate an ample supply of clean electricity, capable of meeting the energy needs of over 13 million households in India.

Company’s order book as of March 2023 stood at 652 megawatts (MW), plus orders secured subsequently take the total orders to 890 MW.

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