Shares of Suzlon Energy Ltd. rose on Thursday after receiving a new wind power project order from KP Group.
The renewable energy solutions provider will supply 92 units of its S120-2.1 MW wind turbines, along with a 140m hybrid lattice tubular tower at Vagra and Vilayat in Bharuch district of Gujarat. In addition to supply, supervision and commissioning, the company will also undertake operation and maintenance services after commissioning, an exchange filing said.
The order will be part of the state transmission utility’s tariff-based, wind-solar hybrid project, which will help increase the contribution of renewable energy in Gujarat.
“With an extremely favorable policy environment offered by Gujarat, this order from the KP Group is a testament to India Inc’s commitment to building a sustainable India. It is encouraging to see the private sector taking up this task with such enthusiasm, especially through the C&I Segment which will help MSMEs become globally competitive by switching to green energy,” said Girish Tanti , vice-president of the Suzlon group.
