Suzlon Share Price 📈💰
Renewable energy solution provider Suzlon Energy is witnessing a strong surge in its share price. In Thursday’s trading session, Suzlon Energy’s share was trading at Rs 38.50 with a 4% increase.
Increase in Suzlon Energy’s shareholding is mainly due to the fact that Suzlon has been awarded a project of setting up a 300 MW wind energy project by Aprava Energy.
On Friday, 29th December 2023, Suzlon Energy’s share was trading at Rs 38.30 with a 0.39% increase.
Suzlon Energy has been given the responsibility of installing hybrid lattice tubular towers and 100 wind turbine generators at a site in Karnataka, as mentioned in a statement. Additionally, Suzlon Energy has also been awarded a project of setting up a 300 MW wind energy plant by Aparava Energy Private Limited.
Suzlon Energy has previously worked with Aparava and their Managing Director stated, “We are eager to form a long-term partnership with Suzlon Energy. Our company will benefit greatly from their expertise, rich experience, and best domestic solutions.”
Suzlon Energy is receiving one big order after another. On Wednesday, Mahindra Susten Private Limited, based in Pune, awarded Suzlon Energy an order for setting up a 100.8 MW plant. Under this order, they aim to supply 48 wind turbines with a capacity of 1 MW each. This wind energy plant will be set up in Maharashtra.
Prior to this, Suzlon Energy was also awarded a contract by KP Group for setting up a 193.2 MW wind energy project.
The share price of Suzlon Energy has increased by 11% in the last five days. In the past six months, Suzlon Energy’s share has provided a return of 160% to its investors. During this period, the share price has increased from Rs 14 to the current price.
On a YTD basis, the company’s shares have provided a return of 258% to its investors. In the last year, Suzlon Energy’s share has provided a return of 270% to its investors. The company has a total market capitalization of Rs 51,862.97 crores.
💡 Interesting Facts:
★Suzlon Energy’s share price has seen a significant increase in recent times.
★The company has secured multiple contracts for setting up wind energy projects.
★Suzlon Energy has formed strategic partnerships with companies like Aprava Energy and Mahindra Susten.
★The company’s shares have provided impressive returns to its investors.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
