In an exchange filing on Friday, Suzlon said that it has won a third successive repeat order of 170.1 MW from AMPIN Energy. This project will be developed in Kurnool, Andhra Pradesh.
As part of the contact, Suzlon will supply 54 of its advanced S144 wind turbine generators, with Hybrid Lattice Towers, each rated with a capacity of 3.15 MW. With this order win, the total orders from AMPIN, bagged by Suzlon, now stand at 303 MW.
Scope of the order will include full project execution, from equipment supply ad installation to commissioning and long-term operations and maintenance services.
Suzlon’s shares were in focus recently after the company’s promoters sold 19.8 crore shares through block deals worth over ₹1,300 crore. Shares had changed hands at an average price of ₹66.05 per share.
Goldman Sachs, Motilal Oswal, Societe Generale, ICICI Prudential, Bandhan MF, were some of the buyers in that block deal. You can check that entire list here. India’s Mutual Funds had a 4.17% stake in Suzlon Energy at the end of the March quarter, while promoters had just over 13% stake.
Shares of Suzlon Energy are trading at the flat line, having given up some early morning gains. The stock is up 0.3% at ₹62.75.