WHY IS SUZLON ENERGY RISING ?

Suzlon has been bagging various projects, renewable energy solutions provider announced an order win for the development of a 47.6 MW wind power project for The KP Group.

Then goes on to secure an order of 100.8 MW from Everrenew Energy Private Limited worth which is not known till date, as per regulatory filing in 14th July.

• To supply 48 wind turbines with a rated capacity of 2.1 MW each
• Project to be installed at Velliyanani Phase II in Karur district and Vengaimandalam in Trichy district in Tamil Nadu with a total installed capacity of 100.8 MW
• Project to be commissioned by March 2024
• Electricity generated from the project to be used for captive consumption and to power C&I customers
• A project of this size can provide electricity to ~65 thousand households and curb ~2.58 lakh tonnes of CO2 emissions per year

Profitability :- Suzlon became an eye candy for the Investor’s since they have posted profitability of more than double in Q3 YOY 2022-23. Hinting on stocks brighter future and since it is already a 33% Market share holder for Domestic consumption. It will be a good buy.

Note:- This Blog is only related to the ongoing news and since they also have an ongoing investigation. Please invest carefully.