Suzlon Energy rose 1.87% to Rs 6.55 at 9:46 IST on BSE after the company said its UK-based subsidiary, REpower UK, signed four new turbine contracts in the UK.
The company made the announcement before trading hours today, 18 September 2013.
Meanwhile, the BSE Sensex was up 6.61 points, or 0.03%, to 19,810.64.
On BSE, 2.02 lakh shares were traded in the counter compared with average volume of 14.93 lakh shares in the past one quarter.
The stock hit a high of Rs 6.60 and a low of Rs 6.41 so far during the day. The stock hit a record low of Rs 5.72 on 28 August 2013. The stock hit a 52-week high of Rs 26.90 on 6 February 2013.
The stock had underperformed the market over the past one month till 17 September 2013, sliding 2.72% compared with the Sensex's 6.48% rise. The scrip had also underperformed the market in past one quarter, falling 33.51% as against Sensex's 2.47% rise.
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The small-cap company has an equity capital of Rs 432.43 crore. Face value per share is Rs 2.
Suzlon Energy said that REpower UK will be supplying turbines for new wind farms at Clashindarroch in Aberdeenshire, Scotland; Eye Airfield in Suffolk in the South East of Engliand; Hampole in Yorkshire and finally Westnewton located in Cumbria. Financial details were not disclosed.
Last week, Suzlon Energy said its subsidiary, REpower Systems SE, won an order to supply 24 wind turbines in France. REpower Systems SE signed a contract with Valorem for 24 wind turbines of type MM92 with 80 metres hub height and a rated power of 2 megawatts (MW) to be supplied to four windfarms located in French Picardie, Pays de la Loire and Burgundy regions. REpower will also provide the full maintenance of the windfarms for 10 years, Suzlon Energy said in a statement.
Suzlon Energy reported consolidated net loss of Rs 1058.90 crore in Q1 June 2013, higher than a net loss of Rs 848.97 crore in Q1 June 2012. Net sales declined 18.9% to Rs 3851.45 crore in Q1 June 2013 over Q1 June 2012.
The Suzlon Group is ranked as the world's fifth largest wind turbine supplier, in terms of cumulative installed capacity and market share, at the end of 2012.
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