Suzlon Energy gains 3% on 58.80 MW order win from IPP

Moneycontrol BureauShare price of Suzlon Energy gained nearly 3 percent intraday Thursday as it has won repeat order from leading independent power producer (IPP) for 58.80 MW capacity wind power project in Madhya Pradesh, India. The project includes 28 units of S97-120 m hybrid towers with rated capacity of 2.1 MW each and is scheduled to be completed by March 2017.The project is capable of powering around 32000 households and reducing approximately 0.12 million tonnes of C02 emissions per annum.The company will be responsible for the entire project lifecycle which includes wind turbine supply, construction and commissioning as well as operations, maintenance and services of the project for a period of 12 years.At 10:51 hrs Suzlon Energy was quoting at Rs 18.40, up Rs 0.20, or 1.10 percent on the BSE.Posted by Rakesh Patil