Suzlon Energy Awarded 378 MW Wind Energy Project by NTPC; Stock Shows Positive Growth.
Suzlon Energy stock: Suzlon Energy, a leading renewable energy company, has secured another significant order for a 378 MW wind energy project from NTPC Green Energy Limited (NGEL). This project brings the total awarded projects from NTPC to Suzlon to 1,544 MW.
The company announced that the project will involve the installation of 120 wind turbines, each with a capacity of 3.15 MW, mounted on Hybrid Lattice Towers (HLT). Suzlon will be responsible for the entire project's construction, operation, and maintenance.
Suzlon and NTPC's Largest Partnership Yet
Girish Tanti, Vice Chairman of the company, stated that Suzlon's contribution to NTPC's green energy initiative is a matter of pride. He highlighted NGEL's target of establishing 60 gigawatts of renewable energy by 2032. This partnership demonstrates the crucial role wind energy can play in meeting India's energy demands.
Strong Stock Performance
- Suzlon's stock has shown b gains in recent weeks.
- The stock has risen by 16.42% in the past two weeks.
- It has delivered a 5.58% return in one month and approximately 10% in three months.
- The stock has yielded an 8.17% return in one year and a b 33.70% return in two years.
On April 23rd, the stock crossed the significant level of ₹60 in early trading on the BSE, a positive signal for investors. However, it is currently trading approximately 31% below its all-time high.
