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:

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ONGC stock price

On April 17, 2014, Oil and Natural Gas Corporation closed at Rs 322.25, up Rs 5.35, or 1.69 percent. The 52-week high of the share was Rs 353.00 and the 52-week low was Rs 234.40.


The company's trailing 12-month (TTM) EPS was at Rs 24.07 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 13.39. The latest book value of the company is Rs 145.47 per share. At current value, the price-to-book value of the company is 2.22.

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