The company made the announcement before trading hours today, 31 January 2013.
Meanwhile, the BSE Sensex was down 46.70 points or 0.23% at 19,958.30.
The stock surged on high volumes. On BSE, 1.08 crore shares were traded in the counter as against average daily volume of 59.04 lakh shares in the past one quarter.
The stock hit a high of Rs 23.35 and a low of Rs 21.55 so far during the day. The stock had hit a 52-week high of Rs 32.35 on 10 February 2012. The stock had hit record low of Rs 14.75 on 31 August 2012.
The mid-cap wind turbine maker has equity capital of Rs 355.47 crore. Face value per share is Rs 2.
Suzlon Group's subsidiary REpower Systems SE has signed a contract with EDF EN Canada, Inc., a subsidiary of EDF Energies Nouvelles, for the delivery of 175 2 megawatts (MW) wind turbines of the REpower MM82 and MM92 type for a project in Quebec, Canada. With a total rated output of 350 MW the Riviere-du-Moulin wind farm will be the biggest project in the history of REpower, Suzlon said in a statement.
The project, located in the unorganized territories (UT) of Lac Pikauba and of Lac-Ministuk, north of the city of Quebec, will be developed in two phases. C Construction of the first 150 MW starts in 2013, with commissioning set for in December 2014. The second phase of 200 MW is scheduled for commissioning in December 2015, Suzlon said in a statement. The contract is part of the framework agreement of up to 954 MW signed between EDF EN and REpower in 2009, Suzlon added.
Commenting on the new order, Andreas Nauen, Chief Executive Officer, REpower Systems SE said, "This contract is a milestone for REpower as its is out biggest to date. We are looking forward to continuing our successful collaboration with EDF EN and we appreciate the trust they have in REpower and our technology".
Helmut Herold, Managing Director of REpower's Canadian subsidiary REpower Systems Inc. said, "The contract signature for Riviere-du-Moulin is another great success for REpower in Canada that greatly contributes to the local economy. Both parties agreed to an ambitious delivery date which in turn will help maintain existing and create additional jobs in the Quebec wind industry".
Al Kurzenhauser, COO of EDF EN Canada said, "We recognize and appreciate our long-term partnership with REpower. Together our companies have commissioned 1,275 MW throughout North America".
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. The international mechanical engineering company develops, produces and markets wind turbines for almost any location with rated outputs of 1.8 MW to 6.15 MW and rotor diameters of 82 meters to 126 meters. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction.
Suzlon Energy reported consolidated net loss of Rs 807.74 crore in Q2 September 2012, as against net profit of Rs 48 crore in Q2 September 2011. Net sales rose 12.4% to Rs 5702.23 crore in Q2 September 2012 over Q2 September 2011.
The Suzlon Group is ranked as the world's fifth largest wind turbine supplier, in terms of cumulative installed capacity, at the end of 2011. The company's global spread extends across Asia, Australia, Europe, Africa and North and South America with over 20,000 MW of wind energy capacity installed and operations across 32 countries and a workforce of over 13,000. The group offers one of the most comprehensive product portfolios - ranging from sub-megawatt on-shore turbines at 600 kilowatts (KW), to the world's largest commercial-available offshore turbine at 6.15 MW - with a vertically integrated, low-cost, manufacturing base. The group - headquartered at Suzlon One Earth in Pune, India's comprises Suzlon Energy and its subsidiaries, including REpower Systems SE.
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