Latest news with #HybridLatticeTowers
Deccan Herald
8 hours ago
- Business
- Deccan Herald
Suzlon bags 170.1 MW wind energy order from AMPIN
New Delhi, Suzlon on Friday said it has secured its third successive order from AMPIN for a 170.1 MW wind project in Kurnool, Andhra part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW, a company statement scope of work includes full project execution, including equipment supply, installation, commissioning, and long-term operations and maintenance services. Total orders from AMPIN Energy stand at 303 Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, "Three orders from AMPIN reflect the power of shared mission. Together, we're committed to a self-reliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonisation of India's power distribution infrastructure." Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition Limited, said, "This project is a strategic step forward in AMPIN's journey toward a 25 GW renewable energy portfolio by 2030, reinforcing our commitment to delivering clean, dependable power to India's growing Commercial and Industrial sector.'
Economic Times
9 hours ago
- Business
- Economic Times
Suzlon Energy shares rally 3% after fresh 170 MW wind order win
Shares of Suzlon Energy climbed as much as 2.8% on Friday to Rs 64.26 on the BSE after the renewable energy firm announced a fresh 170.1 megawatt (MW) wind power order from AMPIN Energy Transition—its third consecutive deal with the clean energy platform. ADVERTISEMENT In an exchange filing on Friday, Suzlon said, 'We have won a third successive repeat order of 170.1 MW from AMPIN Energy Transition Ltd. to supply 3.15 MW wind turbines for their proposed wind power project to be developed at Kurnool in Andhra Pradesh.' The project will involve the supply of 54 units of Suzlon's advanced S144 wind turbine generators, each with a rated capacity of 3.15 MW, mounted on Hybrid Lattice Towers. The company added that the scope of the project includes the 'supply, installation, and commissioning of the wind turbines,' and will be executed with Suzlon's equipment, along with comprehensive operation and maintenance services post this latest win, Suzlon's total order book from AMPIN now stands at 303 MW. ADVERTISEMENT Suzlon shares have risen 31% over the past year, 11% in the last three months, and 4% over the past month. The stock has remained in focus following a series of block deals earlier this week, where promoters sold 19.8 crore shares worth over Rs 1,300 crore at an average price of Rs 66.05 per the key institutional buyers were Goldman Sachs, Motilal Oswal, Societe Generale, ICICI Prudential, and Bandhan Mutual Fund. As of the March 2025 quarter, mutual funds held a 4.17% stake in Suzlon Energy, while promoter holding stood at just over 13%. ADVERTISEMENT From a technical standpoint, the stock is trading above five of its eight key simple moving averages (SMAs)—including the 30-day, 50-day, 100-day, 150-day, and 200-day SMAs—while remaining below the 5-day, 10-day, and 20-day Relative Strength Index (RSI) currently stands at 44.8. An RSI below 30 is typically considered oversold, while a reading above 70 is viewed as overbought. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0.9—above the center line but below the signal line—indicating a mixed momentum setup for the stock in the near term. ADVERTISEMENT Also read | HDFC Bank shares in focus as Rs 12,500-crore HDB Financial IPO opens next week (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
10 hours ago
- Business
- Business Standard
Suzlon bags 170.1 MW wind energy order from AMPIN for Andhra's Kurnool
As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW Press Trust of India New Delhi Suzlon on Friday said it has secured its third successive order from AMPIN for a 170.1 MW wind project in Kurnool, Andhra Pradesh. As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW, a company statement said. The scope of work includes full project execution, including equipment supply, installation, commissioning, and long-term operations and maintenance services. Total orders from AMPIN Energy stand at 303 MW. Vivek Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, "Three orders from AMPIN reflect the power of shared mission. Together, we're committed to a self-reliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonisation of India's power distribution infrastructure." Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition Limited, said, "This project is a strategic step forward in AMPIN's journey toward a 25 GW renewable energy portfolio by 2030, reinforcing our commitment to delivering clean, dependable power to India's growing Commercial and Industrial sector.
Mint
10 hours ago
- Business
- Mint
Suzlon Energy share price climbs 3% after securing 170.1 MW wind power project
Suzlon Energy share price in focus: Shares of Suzlon Energy, one of the leading global renewable energy solutions providers, rose nearly 3% in intraday trade on Friday, June 20, hitting a high of ₹ 64.26 apiece and ending a three-day losing streak after the company announced a new 170.1 MW project win. In an exchange filing today, the company stated that it had received its third successive order from AMPIN for a 170.1 MW wind power project to be developed in Kurnool, Andhra Pradesh. As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW. The scope of the project includes complete execution—from equipment supply and installation to commissioning and long-term operations and maintenance services. JP Chalasani, Chief Executive Officer of the Suzlon Group, said, 'India's decarbonization journey will be won or lost at the distribution level. DISCOMs are the critical link between renewable energy generation and everyday consumption—from industries to households. To empower them with reliable, cost-efficient clean power is not just a goal—it's a national imperative. Together, we're proving that clean energy isn't just viable—it's vital, scalable, and transformative for the power sector.' Suzlon achieved a record quarterly delivery of 573 MW in Q4 FY25, bringing total deliveries in FY25 to 1.55 GW. The company's order book reached an all-time high of 5.6 GW, with the S144 platform alone surpassing 5 GW, solidifying its position as a market leader in India. The company also added 10 new production lines for its S144–3.X MW series and completed nacelle expansions at its Daman and Pondicherry facilities. Suzlon further announced plans to continue investing in a robust local manufacturing and supply chain ecosystem to support India's wind energy goals. Despite the positive momentum, Suzlon shares have been under pressure since touching a 52-week high of ₹ 74.30 on May 30, as investors opted to book profits following the strong rally driven by robust March quarter and FY25 performance, along with steady order wins. Between May 9 and May 30, the stock surged from ₹ 52.60 to ₹ 71.50, delivering an impressive 36% gain in just 16 trading sessions. For FY25, Suzlon Energy's net profit jumped to ₹ 2,072 crore from ₹ 660 crore in FY24, driven by a ₹ 10,851 crore rise in revenue. The WTG business accounted for 78% of FY25 revenue, while the remainder came from the OMS (Operations and Maintenance Services) business. Suzlon's net cash position improved to ₹ 1,943 crore as of March 2025, up ₹ 836 crore compared to December 2024. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
11 hours ago
- Business
- Business Standard
Suzlon Energy rises on winning 170.1 MW wind project order from Ampin
Suzlon Energy added 1.26% to Rs 63.30 after the company said that it has bagged its third successive order from Ampin Energy Transition (AMPIN) for the development of a 170.1 MW wind power project in Kurnool, Andhra Pradesh. This continued collaboration reflects a shared vision to support Indias transition to a cleaner and more self-reliant energy future, driven by domestically manufactured renewable energy solutions, Suzlon Energy said in a regulatory filing. Together, Suzlon and Ampin are playing a pivotal role in making green power both accessible and affordable for Indian businesses, the company added. As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each having a rated capacity of 3.15 MW. The scope of the project includes complete executionfrom equipment supply and installation to commissioning, along with long-term operations and maintenance services. JP Chalasani, chief executive officer, Suzlon Group, stated, Indias decarbonization journey will be won or lost at the distribution level. DISCOMs are the critical link between renewable energy generation and everyday consumptionfrom industries to households. To empower them with reliable, cost efficient clean power is not just a goalits a national imperative. Together, were proving that clean energy isnt just viable its vital, scalable, and transformative for the power sector. Vivek Srivastava, chief executive officer, India Business, Suzlon Group, added, Three orders from AMPIN reflect the power of shared mission. Together; were committed to a selfreliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonization of Indias power distribution infrastructure. Pinaki Bhattacharyya, founder, managing director & CEO, AMPIN Energy Transition, said, Our continued partnership with Suzlon reflects our confidence in their deep expertise in wind energy and their alignment with Indias self reliance goals through local manufacturing. This project is a strategic step forward in AMPINs journey toward a 25 GW renewable energy portfolio by 2030, reinforcing our commitment to delivering clean, dependable power to Indias growing Commercial and Industrial sector. Suzlon Energy is primarily engaged in the business of manufacturing, project execution and operation and maintenance service (OMS) of Wind Turbine Generators (WTGs) and sale of related components of various capacities. The companys consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24.
