Suzlon Energy rose 1.06% to Rs 14.27 at 13:55 IST on BSE after the company announced that it won a maiden order of 105 megawatts from Greenko Group.
The announcement was made during trading hours today, 11 April 2016.
Meanwhile, the S&P BSE Sensex was up 96.71 points or 0.39% at 24,770.55.
On BSE, so far 50.03 lakh shares were traded in the counter as against average daily volume of 54.83 lakh shares in the past two weeks. The stock hit a high of Rs 14.50 and a low of Rs 14.17 so far during the day. The stock had hit a 52-week high of Rs 29.30 on 10 April 2015. The stock had hit a 52-week low of Rs 12.80 on 11 February 2016.
Suzlon Energy announced its maiden order win of 105 megawatts (MW) from Greenko Group, the largest renewable Independent Power Producer (IPP), with over 1 gigawatts (GW) of operating assets. The project will be located in Andhra Pradesh, India and will be progressively commissioned by January 2017.
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.
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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