Suzlon Energy Share Price: Suzlon Energy shares jump over 9%. Here’s why
Shares of Suzlon Energy surged over 9% to Rs 80.47 in Wednesday’s trade on the BSE, following reports that the company is competing to secure bids for supplying wind turbines to Tata Power.
According to reports, wind turbine original equipment manufacturers, including Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy, are competing to secure these contracts. Tata Power has sought bids for the supply of wind turbines with a total capacity of 3 gigawatts. This move is expected to invigorate the wind energy market and enhance competition among turbine suppliers.
Tata Power’s mega order for wind turbines is a significant step towards strengthening the country’s renewable energy sector, as reported by ET. The order scale is…
