Suzlon‘s share price was soaring on Wednesday morning going up around 9% to hit an intraday high of ₹80.19.

What Happened: The massive surge today comes as media reports suggested that Tata Power has sought bids for the supply of wind turbines with a total capacity of 3 gigawatts. The order is said to be worth around ₹21,000 crore.

As per reports, wind turbine original equipment manufacturers (OEMs) such as Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy are currently in contention to secure bids for supplying wind turbines to Tata Power.

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Earlier this week, Suzlon's share price was revised upwards to 10% from 5%, which means that the stock can only move 10% in either direction.

The stock has seen some recovery in the last two sessions after eight straight sessions of extending losses. Since Monday, the stock has surged up around 13%.

Price Action: Suzlon’s share price was up 9.06% to trade at ₹80.31% in early trade on Wednesday.

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