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SUZLON
n Energy (NSE: SUZLON) continues its upward trajectory in the renewable energy sector, announcing a significant 100.8 MW Engineering, Procurement, and Construction (EPC) order from Sunsure Energy. This win has given the wind energy company's stock a further boost, with shares jumping approximately 2% in recent trading.
Over the past year, Suzlon Energy has demonstrated strong performance, with its stock price appreciating by around 34%, significantly outperforming the benchmark Nifty 50 index, which saw an 8% gain during the same period. This latest order further reinforces the positive sentiment surrounding the company.
In an exchange filing, Suzlon Energy revealed that this 100.8 MW project marks Sunsure Energy's maiden foray into the wind energy sector. The project is slated to be established in the Jath region of Maharashtra.
Under the agreement, Suzlon will supply a total of 48 of its advanced S120 wind turbine generators (WTGs). These turbines feature Hybrid Lattice Towers (HLTs) and each boasts a capacity of 2.1 MW. Suzlon's responsibilities extend beyond just supplying the turbines. The company will also oversee the equipment installation, manage the entire project execution, including erection and commissioning of the wind farm.
Furthermore, Suzlon will provide comprehensive end-to-end operations and maintenance services following the project's commissioning. This long-term commitment underscores Suzlon's confidence in its technology and its dedication to ensuring the project's success.#WatchOutFor#StockInNews#Budget2025
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