Suzlon Share Price Surges by 5% to Rs.46.10
On Wednesday, Suzlon Energy Company’s share price saw a 5% increase, reaching Rs.46.10. The company announced in its stock exchange filing that it has received an order from Juniper Green Energy Company to build a 402 MW wind power plant. Suzlon Energy will work on two projects in Fatehgarh, Rajasthan.
The proposed site by Juniper Green Energy Company will have a 3 MW hybrid lattice tubular tower and a total of 134 wind turbine generators. Suzlon Energy’s stock was trading at Rs.47.85 on Friday, May 24, 2024, with a decrease of 0.93%.
Girish Tanti, Vice Chairman of Suzlon Energy Company, stated in a statement, “Juniper Green Energy Company is an old customer of Suzlon Energy Company. We are happy to partner with them again. This agreement will help Suzlon Energy Company expand its business in Rajasthan.”
Company officials stated, “Suzlon Energy Company’s unique technology and extensive EPC capabilities are helping us achieve our goal of cost-effective, India-built renewable energy solutions and contribute to building a stronger India.”
Suzlon Energy Company’s shares were trading at Rs.40 on May 15 and have surged by 14% to Rs.46. In the past month, the company’s shares have provided investors with a 13% return. Over the last six months, the company’s shares have earned investors a 23% return.
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