The company made the announcement during trading hours today, 14 May 2013.
Meanwhile, the S&P BSE Sensex was up 81.49 points or 0.41% at 19,773.16.
On BSE, 3.21 lakh shares were traded in the counter as against average daily volume of 74.37 lakh shares in the past one quarter.
The stock hit a high of Rs 14.27 and a low of Rs 14 so far during the day. The stock had hit a 52-week high of Rs 26.90 on 6 February 2013. The stock had hit a record low of Rs 13.20 on 22 March 2013.
The stock had underperformed the market over the past one month till 13 May 2013, surging 4.32% compared with the Sensex's 7.94% rally. The scrip had, however, underperformed the market in past one quarter, declining 38.82% as against Sensex's 0.43% rise.
The small-cap company has equity capital of Rs 418.32 crore. Face value per share is Rs 2.
Commenting on the contract, Andreas Nauen, CEO, REpower Systems SE said, "We are pleased that another community project has selected REpower know-how. Community wind farms, in addition to orders from our major customers, make a considerable part of our German business: totaling nearly 50% in FY 2012/2013.Community wind farms are becoming more and more popular as they enable residents to cover their electricity support with their very own wind farm. We are always happy to be a reliable partner by offering project specific solutions for this way of autonomous energy supply".
REpower Systems SE, a wholly owned subsidiary within the Suzlon group, is one of the world's leading manufacturers of onshore and offshore wind turbines.
Suzlon Energy reported consolidated net loss of Rs 1154.53 crore in Q3 December 2012, higher than net loss of Rs 286.46 crore in Q3 December 2011. Net sales fell 19.5% to Rs 4013.66 crore in Q3 December 2012 over Q3 December 2011.
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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