Under Rs 50: Renewable Energy Company Secures Order for 103.95 MW Wind Power Project for AMPIN Energy Transition; Stock Gains Over 240 per cent in Just 1 Year

The shares of the company have delivered a return of around 245 per cent to its shareholders in just 1 years only.

This Large-Cap company Suzlon Energy, India's leading provider of renewable energy solutions, has announced a new order win for the development of a 103.95 MW wind power project for AMPIN Energy Transition Private Limited. Suzlon will be installing 33 wind turbine generators (WTGs) featuring a Hybrid Lattice Tubular (HLT) tower, each with a rated capacity of 3.15 MW, at the client’s site in the Fatehgarh district in Rajasthan.

This order encompasses the company's larger rated 3.15 MW, S144‐140m turbines from the 3 MW product series. Under the agreement, Suzlon will provide the wind turbines (equipment supply) and oversee the project's execution, including erection and commissioning. Additionally, Suzlon will be responsible for comprehensive operations and maintenance services post-commissioning.

The project is a part of the Hybrid Project initiative under various bids from SECI and C&I (Commercial & Industrial) customers. A project of this scale has the potential to provide electricity to approximately 85 thousand households and mitigate around 3.38 lakh tonnes of CO2 emissions per year.

Share Performance:

On Tuesday, the share of Suzlon Energy closed at around Rs 48.26 per share, with a market capitalization of Rs 65,652 crore. The stock has delivered a multibagger return of around 245 per cent in just 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 2196 crore and an operating profit of Rs 357 crore. The operating profit margin for the quarter stands at 16 per cent. The company’s net profit stood at Rs 254 crore. In FY24, the company reported a revenue of Rs 6529 crore compared to Rs 5971 crore, and a net profit of Rs 660 crore, compared to a profit of Rs 2887 crore in the previous year.

Investors must keep this large-cap stock on their radar.

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