Suzlon Energy surges 4.7% in 2 days on new orders
The Suzlon Energy stock has surged 4.7% in two trading sessions from Rs 22.15 on Wednesday, 18 January 2012, after the company announced before trading hours on Thursday, 19 January 2012 that its subsidiary — REpower Systems SE secured cumulative orders of 151 megawatts across Europe and North America from 22 October 2011 to 18 January 2012. The stock had gained 2.7% to settle at Rs 22.75 on Thursday, 19 January 2012.
Suzlon Energy said the cumulative orders secured by REpower Systems SE over the past three months cover various firm orders across Austria, Belgium, Canada, France, Germany, UK and the USA. The projects include several wind farms in Germany, featuring REpower’s latest turbine models 3.4M104 and 3.2M114, with 3.4 megawatts (MW) and 3.2 MW of rated power, respectively. Other orders with turbines of the MM92 or MM82 type are destined for wind farms in Germany, UK, France, Belgium and the USA, Suzlon said in a statement.
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