Suzlon Group secures 100 MW contract from CLP, India

Suzlon Group, the world’s fifth leading* and India’s largest wind turbine manufacturer has signed a contract for a 100 MW wind power project with CLP, India. The project comprises 48 units of Suzlon’s latest S97-2.1 MW wind turbines, featuring DFIG technology. The project will be set up in the state of Rajasthan and is scheduled to be commissioned by January 2013. Suzlon will execute the contract under its end-to-end business model. The deal is valued at over Rs. 600 crore (approx. US $122mn).

CLP India is a leading Independent Power Producer (IPP) and has built a portfolio that covers renewable energy, supercritical coal-fired and gas-fired generation, amounting to over 2715 MW. This new wind energy project, upon completion, will take CLP India’s wind power portfolio to more than 740 MW, reinforcing its leadership position amongst the biggest wind energy IPPs in India.

Shares of Suzlon Energy Ltd was trading in BSE at Rs.27, up by Rs.0.65 or 2.47%. The stock hit an intraday high of Rs.27.40 and low of Rs.26.70.

The total traded quantity was 15.21 lakhs compared to 2 week average of 78.82 lakhs.
Source:-Equity Bulls

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