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Suzlon Secures 48.3 MW Order From China
Published on: 2010-06-25
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Suzlon Energy (Tianjin) Ltd, China, a wholly owned subsidiary of Suzlon Energy Ltd, has secured a 48.3 MW order from a new customer--one of China’s five largest wind power producers.

The announcement was made before market hours today, 25 June 2010.

Meanwhile, the BSE Sensex was down 112.08 points, or 0.63%, to 17,618.16.

On BSE, 16 lakh shares were traded in the counter as against an average daily volume of 43.47 lakh shares in the past one quarter.

The stock hit a high of Rs 58.70 and a low of Rs 57.40 so far during the day. The stock had hit a 52-week high of Rs 126.95 on 26 June 2009 and a 52-week low of Rs 52.15 on 10 June 2010.

The large-cap wind turbine maker has an equity capital of Rs 352.86 crore. Face value per share is Rs 2.

The contract includes 23 sets of S88 turbines with a rated power of 2.1 megawatts. The turbines will be delivered in the current financial year to the wind farm in Inner Mongolia. Financial details of the deal were not disclosed.

On a consolidated basis, Suzlon Energy reported a net loss of Rs 188.47 crore in Q4 March 2010 compared with a net profit of Rs 314.89 crore in Q4 March 2009. Net sales fell 33.3% to Rs 6083.61 crore in Q4 March 2010 over Q4 March 2009.

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