Suzlon Energy rose 0.74% to Rs 74.95 at 12:02 IST on BSE, after the company secured an order from Gujarat State Petronet to set up a 52.5 megawatt wind energy project in Rajkot and Porbandar districts of Gujarat.
The company announced the new order win during trading hours today, 4 March 2010.
Meanwhile, the BSE Sensex was down 59.66 points, or 0.35% to 16,940.35.
On BSE, 29.21 lakh shares were traded in the counter as against an average daily volume of 86.87 lakh shares in the past one quarter.
The stock hit a high of Rs 75.40 and a low of Rs 74.20 so far during the day. The stock had hit a 52-week high of Rs 145.85 on 5 June 2009 and a 52-week low of Rs 33.05 on 12 March 2009.
The large-cap stock had underperformed the market over the past one month till 3 March 2010, declining 3.75% as compared to the Sensex's return of 3.06%. It had also underperformed the market in the past one quarter, falling 7.64% as compared to the Sensex's decline of 1.08%.
The company's equity capital is Rs 311.34. Face value per share is Rs 2.
The financial details of the order were not disclosed. The project is to be executed by July 2010, Suzlon Energy said in a filing with BSE.
Last month, Suzlon Energy's unit REpower won orders in France for supplying 26 wind turbines with a capacity of 52 megawatts.
Suzlon Energy reported a net loss of Rs 285.14 crore in Q3 December 2009, lower than a net loss of Rs 390.93 crore in Q3 December 2008. Net sales fell 50.10% to Rs 748.68 crore in Q3 December 2009 over Q3 December 2008.
Suzlon Energy designs, manufactures, operates, and maintains wind-generating equipment. The company constructs large wind parks.
Promoters have pledged 29.92% of the company's equity capital. The total promoters shareholding in the company is 53.08% (end December 2009).
Suzlon Energy receives 52.5 MW order (Corporate News 4-Mar 12:17)
REpower wins 51 MW order from Akuo Energy (Corporate News 24-Feb 12:47)
Suzlon receives 8.7 MW order (Corporate News 18-Feb 11:25)
REpower wins 52 MW order for projects in Northeastern France (Corporate News 16-Feb 12:05)
New order powers recovery in Suzlon Energy (Hot Pursuit 16-Feb 11:56)
Suzlon Energy (Results - Analysis 8-Feb 11:37)
Suzlon Energy (Analyst Meet / AGM - Conferance Call 2-Feb 11:34)
REpower and RWE Innogy signs contract (Corporate News 1-Feb 15:06)
Suzlon Energy gains on order win (Hot Pursuit 1-Feb 14:29)
Suzlon Energy grants stock options (Corporate News 1-Feb 12:47)
