Moneycontrol PRO
HomeNewsBusinessStocksSuzlon Energy shares gain 4% on winning 99 MW order from Vibrant Energy

Suzlon Energy shares gain 4% on winning 99 MW order from Vibrant Energy

In the last 9 months the share price gained 25 percent.

May 17, 2023 / 10:06 IST
The share touched a 52-week high of Rs 12.19 and a 52-week low of Rs 5.43 on 20 December, 2022 and 28 July, 2022, respectively.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Suzlon Energy share price rose 4 percent intraday on May 17 as company secured a new order of 99 MW from Vibrant Energy.

    Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators (WTGs), featuring its new 3 MW series with a Hybrid Lattice Tubular (HLT) tower for a 99 MW wind power project which is expected to be commissioned by FY25, Suzlon Energy said in its regulatory filing.

    This order of the larger wind turbine model is from the new 3 MW series ‐ the S144‐140m is part of the agreement wherein Suzlon Energy will supply the wind turbines (equipment supply), provide erection and commissioning services, as well as comprehensive operations and maintenance services post‐commissioning.

    Catch all the market action on our live blog

    "We are delighted to announce our first order with Vibrant Energy which is a highly respected corporate renewable energy solutions provider. This is a significant order for us featuring turbines from our 3 MW series. It is a matter of pride when customers place their trust in Suzlon’s technology and service excellence to partner in their renewable energy journey," said J P Chalasani, Chief Executive Officer, Suzlon Group.

    "This order targets the C&I (Commercial & Industrial) consumer segment which we believe will be a significant contributor to India’s renewable energy vision going ahead. I look forward to a long partnership with Vibrant Energy in the coming years towards building a sustainable India,” he added.

    At 09:54 hrs Suzlon Energy was quoting at Rs 8.47, up Rs 0.25, or 3.04 percent on the BSE.

    The share touched a 52-week high of Rs 12.19 and a 52-week low of Rs 5.43 on 20 December, 2022 and 28 July, 2022, respectively. Currently, it is trading 30.52 percent below its 52-week high and 55.99 percent above its 52-week low.

    In the last 9 months the share price gained 25 percent.

    Moneycontrol News
    first published: May 17, 2023 10:06 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347