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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.'
Under the terms of the contract, Suzlon will supply 120 S144 Wind Turbine Generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW. Suzlon will also handle the foundation, erection, and commissioning of the project, in addition to providing ongoing maintenance and services.
Girish Tanti, vice chairman of the Suzlon Group, said, 'We are honored to be a strategic partner in NTPC's ambitious vision to accelerate India’s 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 India’s 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 India’s leadership in the global clean energy movement continues.'
JP Chalasani, chief executive officer of Suzlon Group, said, “Securing major and high-quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. It shows our ability to deliver reliable solutions while supporting India’s clean energy goals. This partnership strengthens our role as a trusted partner in India’s renewable energy journey.”
Suzlon Energy is engaged in the business of design, development, manufacturing, and supply of wind turbine generators (WTGs).
NTPC Green Energy (NGEL), promoted by ‘Maharatna’ central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity.
shares of NTPC Green Energy (NGEL) shed 0.42% to Rs 107.45
The MNRE released the draft under the Revised List of Models & Manufacturers (RLMM). The move aims to boost domestic content in wind turbine manufacturing.
According to the media reports, the policy is still in the consultation stage. It will be finalized after feedback from stakeholders.
The company’s consolidated net profit surged 90.56% to Rs 386.92 crore on a 91.18% jump in revenue from operations to Rs 2,968.81 crore in Q3 FY25 over Q3 FY24.