Mukul Agrawal’s portfolio multibagger stock under Rs 40 with 1614-MW order book: This power company bags new order of 193.2 MW from KP Group in Gujarat!

The stock has given multibagger returns of 165 per cent in just 6 months while the BSE Sensex Index is up by 11.4 per cent.

In a major development for India's clean energy sector, Suzlon Group, the country's leading renewable energy solutions provider, secured a significant order to develop a 193.2 MW wind power project for The KP Group. This project, located in Gujarat's Bharuch district, will be a key contributor to the state's renewable energy goals and is part of a larger Wind-Solar Hybrid and State Transmission Utility tariff-based initiative.

Suzlon will play a multifaceted role in this project, supplying 92 of their advanced S120 - 2.1 MW wind turbine generators equipped with 140m Hybrid Lattice Tubular towers. Their involvement extends beyond mere supply, encompassing supervision, commissioning, and crucially, post-commissioning operation and maintenance services. This comprehensive approach ensures the project's long-term success and optimal energy generation.

The project's impact is noteworthy. With a capacity to power approximately 1.25 lakh households and offset nearly 5 lakh tonnes of CO2 emissions annually, it represents a significant stride towards a cleaner and more sustainable future for India. Suzlon's expertise and commitment to clean energy solutions are demonstrably contributing to this positive transition. The project is to be commissioned by 2025.

In essence, this landmark project marks a win-win situation for all stakeholders – Suzlon strengthens its position as a renewable energy leader, The KP Group gains access to clean power generation, and Gujarat moves closer to its renewable energy targets, all while contributing to a greener India.

Suzlon Energy Ltd is a leading renewable energy company with a market cap of over Rs 50,000 crore. The company will soon be a part of the BSE Power Index.

As of September 30, 2023, the company's cumulative order book stands at over 1,613 MW and an ace investor Mukul Agarwal holds 13,00,00,000 or 13 crore shares in the company. Furthermore, As of November 30, 2023, the World's largest asset manager with USD 9.1 trillion, BlackRock had amassed 68 crore shares, representing a 5.01 per cent stake in the company. The company now has a net debt-free balance sheet after its recent qualified institutional placement. It has a net cash surplus of Rs 600 crore on its books.

Today, shares of the company gained 4.75 per cent to an intraday high of Rs 37.30 per share from its previous closing of Rs 35.61. The stock has given multibagger returns of 165 per cent in just 6 months while the BSE Sensex Index is up by 11.4 per cent. Investors should keep an eye on this power stock.

Disclaimer: The article is for informational purposes only and not investment advice.