Wind turbine manufacturer Suzlon Group has received an order for a 102.9 MW project from ONGC.The project comprises 49 units of Suzlon's S88 - 2.1 MW wind turbines and will be commissioned in 2013-14, the company said in a statement. The project will be commissioned in Rajasthan.
The project comprises 49 units of Suzlon's S88 - 2.1 MW wind turbines and will be commissioned in 2013-14, the company said in a statement. The project will be commissioned in Rajasthan.
ONGC currently has an existing installed base of 51 MW from wind energy projects operating in Jakhau site, Gujarat. The new order will take ONGC's total installed windpower capacity to 153.9 MW.
The S88 turbine is designed for operations in medium wind regimes with the ability to withstand extreme conditions and operate effectively with lower maintenance costs, the statement said.
The S88 has enjoyed international success, with over 2,400 units installed worldwide, translating to over 5 GW of capacity, it added.
ONGC stock price
On November 26, 2015, at 14:56 hrs Oil and Natural Gas Corporation was quoting at Rs 236.00, up Rs 3.15, or 1.35 percent. The 52-week high of the share was Rs 390.60 and the 52-week low was Rs 208.00.
The company's trailing 12-month (TTM) EPS was at Rs 20.81 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 11.34. The latest book value of the company is Rs 169.02 per share. At current value, the price-to-book value of the company is 1.40.
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