Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Bharat Petroleum Corporation announced today, that they have awarded contracts for the development of 100 MW Windfarm Projects—50 MW each in the states of Madhya Pradesh and Maharashtra. This initiative is a major step in BPCL's strategy to transition to renewable energy and reduce reliance on imported fossil-based power.
The Letter of Award (LOA) has been issued to Suzlon Energy for the 50 MW wind project in Madhya Pradesh and to Integrum Energy Infrastructure for the 50 MW project in Maharashtra. These projects are expected to be completed and commissioned within two years.
The wind farms will cater to the captive power requirements of BPCL's Mumbai Refinery (Maharashtra) and Bina Refinery (Madhya Pradesh), thereby substituting conventional fossil-based energy sources with clean, renewable wind energy.
This initiative marks a crucial milestone in BPCL's Renewable Energy roadmap, which envisions an ambitious 10 GW portfolio by 2040. These efforts align with BPCL's broader target of becoming a Net Zero energy company in Scope 1 and Scope 2 emissions by 2040.
Suzlon Energy Ltd dropped for a fifth straight session today. The stock is quoting at Rs 56.25, down 0.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24344.3. The Sensex is at 80472.69, up 0.29%.Suzlon Energy Ltd has eased around 2.16% in last one month.Meanwhile, Nifty Energy index of which Suzlon Energy Ltd is a constituent, has increased around 1.86% in last one month and is currently quoting at 34241.6, down 0.17% on the day. The volume in the stock stood at 293.07 lakh shares today, compared to the daily average of 695.74 lakh shares in last one month.
The PE of the stock is 194.34 based on TTM earnings ending December 24.
As part of this contract, Suzlon will supply 120 S144 Wind Turbine Generators (WTG) with Hybrid Lattice Towers (HLT) each with a rated capacity of 3.15 MW, and also undertake foundation, erection, and commissioning for the project and will provide maintenance and services.
Girish Tanti, Vice Chairman, Suzlon Group, said, 'We are honored to be a strategic partner in NTPC's ambitious vision to accelerate Indiafs clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering Indiafs largest PSU's renewable journey by providing high]quality, affordable power. From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing Indiafs leadership in the global clean energy movement continues.'