Tag: Suzlon Energy Ltd

Suzlon Energy achieves generation yield of 7.66 mn Kwh in 12 months

Suzlon Energy achieves generation yield of 7.66 mn Kwh in 12 months

26/04/2017 15:57

Renewable energy solutions provider, Suzlon Energy said that it has achieved generation yield of 7.66 million Kwh over the last 12 months post commissioning in Kutch, Gujarat.

The group’s revolutionary S111 120 m 2.1 MW wind turbine generator has achieved 42 per cent plant load factor in first 12 months of operation in Kutch, Gujarat.

The prototype was commissioned in March 2016, the company said in a filing to the Bombay Stock Exchange.

The 42 per cent PLF demonstrated by S111 120m is 20 per cent higher than 35 per cent PLF achieved by S97 120m in its first 12 months’ performance at the same location.

The S111 wind turbine generator is the latest addition to the 2.1 MW platform and features the time tested Doubly Fed Induction Generator (DFIG) technology.

With a swept area of 9,852 m 2 the S111 120m is designed to optimally harness wind resources at higher altitudes making low wind sites viable. It not only delivers superior energy yield, but also offers higher return on investment for customers.

The new fleet of Suzlon has garnered encouraging market response from customer segments across the board, it said.

Meanwhile, shares of the company closed trading at Rs 20.85 apiece, up 0.24 per cent from the previous close on BSE.

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Suzlon Energy bags orders totalling 111.30 MW

Suzlon Energy bags orders totalling 111.30 MW

23/09/2016 15:51

Renewable energy solutions provider Suzlon Energy Ltd on Friday said it has bagged orders for a combined capacity of 111.30 MW between August and September this year from corporate and SME customers.

“Suzlon announces order wins totalling to 111.30 MW from corporate and SME customers,” the company said in a filing to the Bombay Stock Exchange on September 23, 2016.

This combined capacity includes orders from reputed corporate houses such as Serum Institute of India Ltd, Rajasthan Gum Group and an assortment of SME customers, it added. Further, the corporate and SME orders have been received from a mixed bag of customers across diverse industry segments, including chemical, infrastructure, manufacturing, textiles, power, entertainment etc, it said.

These orders include Suzlon’s latest product offerings the S111 90m tubular tower and S97 120m hybrid tower and also the time-tested S97 90m and S95 90m tubular tower models all with a rated capacity of 2.1 MW each, the company said in a statement.

The company will provide the entire spectrum of turnkey solutions right from the equipment supply till commissioning and also offer dedicated life cycle asset management services for a contractually defined period to these customers.

Moreover, the projects are spread across the key windy states of Andhra Pradesh, Gujarat, Karnataka and Tamil Nadu, and are scheduled to be completed by March 2017.

Meanwhile, shares of the company closed at Rs 15.90 apiece, up 0.32 per cent, from previous close on BSE.

Suzlon Energy wins maiden order from Oil India

Suzlon Energy wins maiden order from Oil India

16/09/2016 17:40

Leading wind turbine maker Suzlon Energy Ltd on Friday said it has won maiden order from Oil India Ltd (OIL) for 52.50 MW project capacity.

“Suzlon secures 52.50 MW maiden order from Oil India Ltd,” the company said in a filing to the Bombay Stock Exchange on September 16, 2016.

The order comprises of Suzlon’s latest product offerings – the S111 90m tabular tower and S97 120m Hybrid tower with a rated capacity of 2.1 MW each, it added.

The project is capable of providing power to over 28,000 households and offsetting 0.11 million tonnes of CO2 emissions p.a., it said.

The company further said that it will provide a comprehensive range of services and dedicated life cycle asset management services for an initial period of 10 years.

Moreover, the said projects are located at Madhya Pradesh and Gujarat and will be completed by June 2017.

Commenting on the development, Suzlon Group, Group CEO, JP Chalasani said, “This order win is a testament of Oil India’s confidence in Suzlon’s technology and execution capabilities.”

Meanwhile, shares of the company closed at Rs 16.10 apiece, up 0.94 per cent, from previous close on BSE.

Suzlon Energy to raise Rs 2,000 cr

Suzlon Energy to raise Rs 2,000 cr

16/08/2016 11:36

Suzlon Energy Ltd said that it will seek shareholders’ approval to raise up to Rs 2,000 crore through issuance of securities.

The board of directors of the company, at a meeting held on August 12, approved “issue of securities to the extent of Rs.2,000 crore”, the company said in a filing to the Bombay Stock Exchange.

However, it is subject to the approval of shareholders in the annual general meeting of the company scheduled for 30 September, the company said.

The board of directors also approved the appointment of Vinod R. Tanti as the whole-time director and chief operating officer of the company with effect from 1 October 2016.

Meanwhile, shares of the company were trading at Rs 16.40 apiece, down 0.91 per cent from the previous close at 11:39 hours on BSE.

Suzlon Energy secures 75.6 MW turnkey orders from PSUs, SMEs

Suzlon Energy secures 75.6 MW turnkey orders from PSUs, SMEs

04/08/2016 16:29

Leading wind turbine maker Suzlon Energy Ltd on Thursday said it has won turnkey orders totalling 75.60 MW from various Public Sector Undertakings (PSUs) and Small and Medium Enterprises (SMEs) during April to July this year.

In a filing to the Bombay Stock Exchange, the company said, “The retail orders have been received from mixed bag of customers across diverse industry segments, including food, textiles, chemical, real estate, entertainment and manufacturing.”

These orders comprise of the company’s latest product offerings and includes S111 90m tubular tower, S97 120m hybrid tower and S97 90m tubular tower with a rated capacity of 2.1 MW each, it added.

The company further said that it will provide the entire gamut of turnkey solutions right from equipment supply till commissioning and also offer dedicated life cycle asset management services for a contractually defined period to these customers.

Out of the total orders of 75.6 MW, orders of 42 MW were received in Q1 of FY2017 while 33.60 MW orders received in July 2016, it further said.

The company added that the projects are spread across the key windy states of Tamil Nadu, Gujarat and Andhra Pradesh and are scheduled to be completed by March 2017.

Commenting on the order win, Suzlon Group, Group CEO, J P Chalasani said, “It is encouraging to see the captivating change of preference towards clean and sustainable energy. We continue to leverage our technological expertise which enables a product suite suitable to varying wind regimes and develop high yield products that effectively bring down the cost of energy.”

Meanwhile, shares of the company closed at Rs 16.30 apiece, down 1.21 per cent, from previous close on BSE.