SENSEX NIFTY
Feb 26, 2013, 03.52 PM IST | Source: PTI

Suzlon bags 103 MW order from ONGC

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.

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.

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.

Also read:

Videocon soars 18% as ONGC eyeing Mozambique gas field

Expect Budget to give wings to renewable energy: Suzlon

ONGC stock price

On November 24, 2014, Oil and Natural Gas Corporation closed at Rs 380.70, down Rs 2.9, or 0.76 percent. The 52-week high of the share was Rs 472.00 and the 52-week low was Rs 264.00.


The company's trailing 12-month (TTM) EPS was at Rs 26.00 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 14.64. The latest book value of the company is Rs 159.81 per share. At current value, the price-to-book value of the company is 2.38.

Set email alert for

ADS BY GOOGLE

video of the day

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.