Suzlon Energy Shares: Shares of Suzlon Energy, a company engaged in the wind energy business, surged by 5% on Wednesday, hitting the upper circuit at ₹46.23 per share.

The sharp rise in the company’s shares is attributed to receiving new orders. In an exchange filing, the energy sector company stated that it has received new orders of 402 megawatts from Juniper Green Energy. On Tuesday, Suzlon Energy’s shares closed at ₹44.03.

First order since March 2024

Since March this year, Suzlon Energy has disclosed its first order to the stock exchanges. Under this new order, Suzlon Energy will supply and install 134 wind turbine generators. This project will be executed in Fatehgarh, Rajasthan. A project of this size can provide electricity to approximately 330,000 homes. Additionally, it will prevent the emission of about 1.3 million tons of carbon dioxide annually. Suzlon Energy will also handle the operation and maintenance work.

Suzlon Group’s Vice Chairman Girish Tanti stated, “This order will help us expand our presence in Rajasthan.” On March 7 this year, Suzlon Energy disclosed its previous order to the stock exchanges. The previous order was from Juniper Green Energy. The company secured a 72.45 MW wind energy project in Dwarka, Gujarat.

Suzlon Energy’s shares rose 400 percent in a year

Last year, Suzlon Energy’s shares saw a surge of 400%. On May 22, 2023, the wind energy company’s shares were at ₹9.29. By May 22, 2024, the company’s shares had reached ₹46.23. Over the past two years, Suzlon Energy’s shares have experienced a remarkable increase of 565%. The 52-week high for the company’s shares is ₹50.72, while the 52-week low is ₹9.15.