Suzlon share: If you also earn from stock market then this news is not less than good news for you. In fact, Suzlon Energy, which continues to enrich people in the energy sector, recently bagged India's largest ever energy-related order. Due to which Suzlon shares can become a flying rocket with continuous wings. If we talk about the last 6 months, the company has given double the profit to the investors. This order is not only a big achievement for the company, it is expected to generate huge profits not only for the company but also for the investors. This order can also prove to be a milestone in the energy sector of the country.
Suzlon Energy has bagged a 1,166 MW order from NTPC Green Energy Limited, the largest wind power order ever. Suzlon Energy will install a total of 370 wind turbine generators, including hybrid lattice tubular (HLT) towers and turbines with a capacity of 3.15 MW. Suzlon has bought a 51% stake in Renown Energy, making it a subsidiary of the company. The deal is part of the company's growth strategy.
Brokerage target raised
ICICI Securities recently raised Suzlon Energy's target price to Rs. 80, while earlier it was Rs. was 70. Along with this, the Ad Rating of the company has also been maintained. This is because Suzlon has been meeting its capital needs by selling its non-core assets, which has led to Suzlon Energy's shares gaining 95% so far this year, far ahead of the Nifty's 16%. returns. Shares of Suzlon have gained 213% in the last 12 months, which is a great achievement for investors. At the same time, if we talk about 6 months, the company has given double returns to the investors. Suzlon Energy has returned almost 90 percent to investors in 6 months.
What does the company do?
Suzlon is the largest manufacturer of wind power turbines in India and a major portion of the total installed wind power capacity in the country is installed by this company. Suzlon manufactures wind turbines of various capacities, capable of operating in various wind conditions. Apart from this, Suzlon also establishes and operates wind parks. Suzlon's presence is not only limited to India, but it is also active in many other countries like America, Europe, Australia and South Africa.
