Suzlon energy shares: Suzlon Energy has received a new 486 MW hybrid order in partnership with Torrent Power. The company gave this information in an information sent to the stock markets on Friday 24 February. The company said that with this order, Suzlon and Torrent Power’s partnership has become a 1 GW of wind energy portfolio in India. According to this agreement, Suzlon will supply 162 S144 wind turbine generators with 3 MW capacity hybrid latis towers in Bhogat area of Gujarat.
This is the fifth order received by Suzlon to Torrent Power. However, the company has not yet given any information about the value of the order. JP Chalsani, Chief Executive Officer of Suzlon Group, said, “Our S144 Wind Turbine’s success has been a lead role in furthering the partnership of Torrent Power. These wind turbines have been known for the ability to give great power performance even in low air conditions even in low air conditions Are.”
However, even after the news of getting this order, Suzlon Energy’s shares continued to decline. Around 2 pm on Friday 24 January, Suzalon Energy shares fell by 3.35 per cent to Rs 52.49. The stock is currently below its recent peak of Rs 86 below 38 per cent. Suzlon Energy has not yet announced its December quarter results.
4 out of 6 analysts have given this stock a ‘BUY’ rating, covering Suzlon Energy Share. At the same time, 2 has given it a rating of hold. The average target price of brokerage on this stock raises the possibility of a rise of about 44 per cent from the current level.
On the other hand, Torrent Power shares were trading at a price of Rs 1,469.05 with a rise of 3.15 per cent. In the last one year, this stock has rose by about 47 percent.
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