- By Aditya Pratap Singh
- Wed, 27 Dec 2023 06:51 PM (IST)
- Source:JND
Suzlon Energy, a Pune-based wind energy firm, bagged two orders one from Mahindra Group and one from Nordic Energy. Meanwhile, The stock of the company went down by 5 per cent in the last 30 days, But the shares have given a multi-bagger return of 654 per cent in the last three years.
The company got a 100.8 MW project from Mahindra Group's company Mahindra Sustain Private Limited. The order consists supply of 48 wind turbines with a rated capacity of 2.1 MW. The project will be set up in Maharashtra.
As per information, the project will sell electricity to commercial and industrial customers in the state. Suzlon will execute the project with the complete scope of supply, installation and commissioning. The company will also handle operation and maintenance services after commissioning.
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Suzlon also got a second order of 100.8 MW for the 3 MW series from Nordic Energy Company. Under the order, Suzlon will supply 32 wind turbines of the S144-140m series with a rated capacity of 3.15 MW. The project will be set up in Karnataka.
Suzlon has had three orders since last week. Earlier it had won a repeat order of 193.2 MW from KP Group in Gujarat.
Suzlon Energy Share Performance?
Suzlon Energy shares went down by about 5 per cent in the last month. However, in the last 6 months, the stock rose by 151 per cent. And in a year the shares went up by 261 percent so far. The share has given a multi-bagger return of 654 per cent in the last three years.
The shares of Suzlon Energy have benefitted both long-term and short-term investors in the last three years. Meanwhile, the stock remains volatile.
Disclaimer: This is a news story about a recent development. Jagran does not advise investing. Please take proper advice before investing.
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