Suzlon Energy surged 8.08% to Rs 13.91 at 15:20 IST on BSE after the company said it has received a turnkey order of 48.30 megawatts wind power project from Indian Oil Corporation.
The announcement was made during market hours today, 30 March 2016.Meanwhile, the S&P BSE Sensex was up 445.68 points or 1.79% at 25,346.14.
On BSE, so far 77.32 lakh shares were traded in the counter as against average daily volume of 1.01 crore shares in the past one quarter. The stock hit a high of Rs 13.97 and a low of Rs 13.10 so far during the day. The stock had hit a 52-week high of Rs 30.25 on 8 April 2015. The stock had hit a 52-week low of Rs 12.80 on 12 February 2016.
The mid-cap company has equity capital of Rs 1004.10 crore. Face value per share is Rs 2.
Suzlon said that the latest order secured in Rajasthan is scheduled for completion by March 2017. Suzlon will provide comprehensive operation and maintenance for an initial period of 10 years.
On consolidated basis, Suzlon Energy reported net loss of Rs 113.17 crore in Q3 December 2015, lower than net loss of Rs 6538.68 crore in Q3 December 2014. Net sales declined 61.9% to Rs 1889.29 crore in Q3 December 2015 over Q3 December 2014.
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The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries. The company has recently forayed into the solar space.
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