Suzlon Energy Ltd. rose as much as 2.8 percent to Rs 16.4, after the company bagged its first ever order from government owned Oil India Ltd.
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The 52.50 mega watt capacity project will be commissioned in the states of Gujarat and Madhya Pradesh by June 2017, the renewable energy provider said in its media release. Suzlon will also provide asset management services for an period of 10 years, the company added.
Once completed, the project will provide power to 28,000 households and offset 0.11 million tonnes of carbon dioxide emissions annually.
This order win is a testament of Oil India’s confidence in Suzlon’s technology and execution capabilities. With our pan-India presence, end-to-end solutions and technologically advanced products, Suzlon is aptly positioned to capitalize on the growing market opportunities in India.JP Chalasani, Group CEO, Suzlon (Source: Press Release)
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