{"id":3862,"date":"2024-09-09T11:47:07","date_gmt":"2024-09-09T06:17:07","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3862"},"modified":"2024-09-09T11:47:09","modified_gmt":"2024-09-09T06:17:09","slug":"suzlon-energy-gains-2-after-bagging-indias-largest-wind-energy-order","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/suzlon-energy-gains-2-after-bagging-indias-largest-wind-energy-order\/","title":{"rendered":"Suzlon Energy Gains 2% After Bagging India’s Largest Wind Energy Order"},"content":{"rendered":"\n

Suzlon Energy’s stock surged over 2% on September 9 after securing India’s largest wind energy order, worth 1,166 MW, from NTPC Green Energy Limited, the renewable arm of NTPC. Suzlon will install 370 wind turbine generators with a capacity of 3.15 MW each at projects for NTPC Renewable Energy Limited and Indian Oil NTPC Green Energy Pvt. Ltd. This brings Suzlon’s cumulative order book to nearly 5 GW as of September 2024.<\/p>\n\n\n\n

The company further announced to have acquired a 51% stake in Renom Energy, making it Suzlon’s subsidiary. This forms part of the major deal in which Suzlon will be acquiring a stake of 76% in Renom Energy for Rs 660 crore in two phases.<\/p>\n\n\n\n

ICICI Securities upgraded Suzlon’s target price to Rs 80 on the back of improving order flow leading to enlarged execution capacity for the company. JM Financial hailed Suzlon’s new asset-light strategy following the sale of its corporate office for improving financial strength.<\/p>\n\n\n\n

Suzlon Energy shares were trading at Rs 76.56 on NSE, up 2.6% at 10:53 am on September 9. The stock is up 95% in 2023 and up 213% in the last one year compared to 16% and 28% jump of the Nifty index during the same periods.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Suzlon Energy’s stock surged over 2% on September 9 after securing India’s largest wind energy order, worth 1,166 MW, from NTPC Green Energy Limited, the renewable arm of NTPC. Suzlon will install 370 wind turbine generators with a capacity of 3.15 MW each at projects for NTPC Renewable Energy Limited and Indian Oil NTPC Green […]<\/p>\n","protected":false},"author":1,"featured_media":3863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[341],"class_list":["post-3862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-suzlon-energy-order"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3862"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3862\/revisions"}],"predecessor-version":[{"id":3864,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3862\/revisions\/3864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3863"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}