Why Suzlon Shares Are Flying Today

Suzlon share price climbed up for the second straight session to start the fresh week on Monday.

What Happened: The surge today comes as the company bagged another order. The company late last week announced securing an order of 100.8 megawatt from Everrenew Energy.

The energy company will install 48 wind turbine generators (WTGs) of their S120 – 2.1 megawatt with a Hybrid Lattice Tubular tower at Velliyanani Phase II in Karur district and Vengaimandalam in Trichy District in Tamil Nadu. The project is expected to be commissioned in March 2024.

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Suzlon will supply the wind turbines (equipment supply) and supervise the execution and commissioning
of the project. This is the company’s first order from Everrenew.

Earlier last week, the company announced bagging another order from the KP Group in Gujarat. The 47.6 MW wind power project will see Suzlon supplying its S133 wind turbines (equipment supply) and supervising the execution and commissioning of the project and also maintenance post-completion.

Price Action: Suzlon’s share price was up 3.67% to trade at ₹18.35 as the markets opened on Monday.

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