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Shares of Suzlon Energy saw a significant recovery on Wednesday, following the announcement of a major repeat order. After an initial drop, the stock rebounded by up to 6%, reflecting strong investor confidence.
Stock Market Performance: A Day of Fluctuations
- Opening Price: Suzlon shares opened at ₹51.99 on the BSE, near Tuesday’s closing level.
- Early Decline: The stock fell to ₹49.10, down over 5% from the opening price, due to market-wide weakness.
- Strong Comeback: After the drop, the stock rallied back to ₹52.10, marking a 6% intraday surge.
Suzlon Secures Major Order from Oyster Renewable
Suzlon Energy announced on February 12 that it has received a repeat order of 201.6 MW from Oyster Renewable Energy.
Key Highlights of the Order:
- With this new contract, Suzlon Energy’s total order book has reached a record 5.7 GW.
- The company will install 64 state-of-the-art S144 wind turbine generators (WTGs) in Madhya Pradesh.
- Each turbine has a capacity of 3.15 MW, reinforcing Suzlon’s position as a leading renewable energy supplier in India.
