Suzlon Energy Ltd (NSE: SUZLON): The share of Suzlon Energy Ltd, a company that is always in the news due to its excellent performance, has once again seen a rise on Monday.
After getting a big order from the government-owned company NTPC, the share of Suzlon Energy registered a gain of more than 3 percent, after which it touched an intraday high level of Rs 77.18 on Monday.
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Huge Order Via NTPC Green Energy
Suzlon Energy Ltd has received India’s largest wind energy purchase of 1,166 MW by NTPC Green Energy, the renewable energy division of the company owned by the government NTPC.
Following the order, Suzlon Energy Ltd will have to install the 370 S144 WTGs that have a maximum capacities of 3.15 MW. This will provide electricity to 30 homes.
The Company Expressed Their Happiness
The company said in an exchange filing that the project will be started at 3 locations in Gujarat.
Girish Tanti Vice President of Suzlon Group, said that Suzlon Group is very happy to be a partner in partnership with NTPC Green Energy Limited, the renewable energy division of NTPC Limited, the country’s largest utility company.
This partnership is part of they are the nation’s top renewable energy OEM. This historic collaboration reaffirms our commitment to accelerate India’s renewable energy transition.
It’s also the first wind power direct request from NGEL and is a sign of Suzlon Energy Ltd’s triumphant return to PSU customers.
Multibagger Returns Of 210% In A Single Year
Suzlon Energy Ltd’s performance has been unsatisfactory in the last two to three months, but during 6 months it has given a remarkable return of 90 percent to its investors, while during one year it has made a profit of 210 %.
At the same time, if we talk about the period of 5 years, the price of this stock has increased by 2500 percent.
The Company Has Become Almost Debt-free
Commenting on Suzlon Energy Ltd, market experts said that this stock has made a great comeback. Apart from this, it has repaid a debt of more than Rs 1000 crore by issuing equity shares, now this company is almost debt free.
Although there is pressure on equity, the last quarter’s result has been good, in which the company’s net profit has increased from Rs 101 crore to Rs 302 crore.
Quick Fact
| Company name | Suzlon Energy |
|---|---|
| Recent Event | Order from NTPC Green Energy |
| Order Size | 1,166 MW |
| Project Sites | 3 locations in Gujarat |
| Installation | 370 S144 WTGs, capacity 3.15 MW each |
| Recent Growth | 3% rise in share after NTPC order |
| 6-Month Return | 90% |
| 1-Year Return | 210% |
| 5-Year Return | 2500% |
| Debt Status | Almost debt-free |
| Debt Repaid | More than ₹1000 crore |
| Net Profit | Increased from ₹101 crore to ₹302 crore |
| Key Partner | NTPC Green Energy Limited |
| Recent Focus | Renewable energy transition in India |
| Vice President | Girish Tanti |
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