Suzlon Energy Limited on January 24 announced that his partnership with Torrent Power Limited has won a 486 MW large hybrid order. With this deal, the partnership of Suzlon and Torrent Power has achieved a new place in the field of wind energy. Now the total wind power capacity of both companies has reached 1 GW.
What is the project plan?
Under this project, Suzalon will install 162 S144 wind turbine generators (with hybrid latis tweets) in Bhogat area of Gujarat. These turbines are also known for their best performance even in low -air areas.
Suzalon Group Vice Chairman Girish Tanti said, “We feel proud to join a leading partner like Torrent. This partnership, which has been going on for a decade, has now reached the historic stop of 1 GW. Our partnership in Gujarat and Karnataka has brought high quality electricity to about 1 million homes through advance techniques. We are committed to carrying forward India’s energy revolution and creating a permanent future. ”
This is the fifth order given by Torrent Power to Suzalon. However, this time the financial information of the project has not been disclosed.
Stock has proved to be multibagger in recent years
Suzlon has given a return of 28% in the last one year, 445% in two years and 2205.26% in five years. That is, if you had bought shares of 1 lakh rupees of this company five years ago, then your investment would have increased to 2305000 rupees {2205000 (Return) +100000 (Principal)}. Suzlon’s stock fell 2.82% to close at ₹ 52.78 on Friday.