financetom
Business
financetom
/
Business
/
Suzlon Energy bags new order for 100.8-MW wind power project from Everrenew Energy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Suzlon Energy bags new order for 100.8-MW wind power project from Everrenew Energy
Jul 14, 2023 8:22 AM

Renewable energy solutions provider Suzlon Energy Ltd on Friday (July 14) said the company has received a new order for the development of a 100.8-MW wind power project for Everrenew Energy Private Ltd.

Share Market Live

NSE

Suzlon will install 48 wind turbine generators (WTGs) of its S120-2.1 MW platform with a hybrid lattice tubular tower at Velliyanani phase II in Karur district and Vengaimandalam in Trichy in Tamil Nadu.

The project is expected to be commissioned in March 2024. Suzlon will supply the wind turbines (equipment supply) and supervise the execution and commissioning of the project, according to a stock exchange filing.

Chief Executive Officer of Suzlon Group J.P. Chalasani said the company takes pride in customers like Everrenew Energy. It has put its trust in our leading technology and comprehensive capabilities throughout the wind energy value chain, he added.

The power generated from this project will target the commercial and industrial (C&I) consumer segment, creating deeper penetration of renewable energy in India. Suzlon is committed to driving Indian industries towards their net‐zero targets and powering the domestic economy with green energy, Chalasani added.

Suzlon turbines feature the time-tested Doubly Fed Induction Generator (DFIG) technology that efficiently integrates wind turbines into the utility network to meet the grid requirements.

Everrenew Energy CEO Venkatesh R said, "At Everrenew Energy, we share a common sense of purpose to shape a more sustainable future by generating clean energy for our customers. Our endeavours into wind energy projects are an extension of that commitment."

Shares of Suzlon Energy Ltd ended at Rs 17.70, up by Rs 0.15, or 0.85 percent on the BSE.

(Edited by : Shoma Bhattacharjee)

First Published:Jul 14, 2023 5:22 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Remy Cointreau posts wider-than-expected Q1 sales decline as US woes continue
Remy Cointreau posts wider-than-expected Q1 sales decline as US woes continue
Jul 23, 2024
LONDON (Reuters) -Remy Cointreau reported a wider-than-expected 15.6% decline in first-quarter sales on Wednesday, as difficulties hurting its U.S. cognac division spread to its liqueurs and spirits unit. Analysts had expected the company, which makes Remy Martin cognac and Cointreau liquor, to post a 13.6% decline in organic sales. Remy had already warned that its first half was likely to...
Italy's Iveco says operating profit fell in Q2, cash flow negative
Italy's Iveco says operating profit fell in Q2, cash flow negative
Jul 23, 2024
TURIN, Italy, July 24 (Reuters) - Italian truck and bus maker Iveco Group ( IVCGF ) on Wednesday said its operating profit fell 4% in the second quarter of the year due to lower volumes and adverse forex impact and that it burnt cash in the period. The manufacturer said its adjusted earnings before interest and tax (EBIT) from industrial...
Canada's Teck Resources beats second-quarter profit estimates
Canada's Teck Resources beats second-quarter profit estimates
Jul 23, 2024
(In paragraph two, corrects adjusted profit to C$0.80 per share from C$80 per share. Also corrects analysts' estimate to C$0.73 per share from C$73 per share.) July 24 (Reuters) - Canadian miner Teck Resources ( TECK ) beat second-quarter profit estimates on Wednesday, helped by higher production of copper at its Quebrada Blanca mine in Chile, as well as higher...
Hotel workers in four US cities to hold strike authorization votes
Hotel workers in four US cities to hold strike authorization votes
Jul 23, 2024
NEW YORK, July 24 (Reuters) - About 13,500 unionized hotel workers in four U.S. cities plan strike authorization votes next month as contract talks with Marriott International ( MAR ) , Hilton Worldwide Holdings ( HLT ) and Hyatt Hotels Corp ( H ) stall, the union said. UNITE HERE, a union representing workers in hotels, casinos and airports across...
Copyright 2023-2026 - www.financetom.com All Rights Reserved