Multibagger penny stock under Rs 15: This Heavy Electrical wind energy company reaches 20 GW of worldwide Wind Energy installations.

Shares of the company gained about 4.5 per cent on Monday.

On Monday, Suzlon Energy Limited informed in the exchange filing that it has crossed the 20GW wind energy installations milestone through 12,467 wind turbines installed across 17 countries spanning six continents solidifying Suzlon's position as a significant player in the global wind energy landscape. 

The company recently secured a major order of 300 MW from Torrent Power Limited, a Torrent Group Company. This is the fourth order from the Torrent Group to Suzlon. This is also the sixth and the largest order of the new Suzlon 3 MW series turbine so far. Suzlon will supply 100 wind turbines with a rated capacity of 3 MW each. The project will be completed in phases by 2025 in Karnataka. This order is part of the bid won under the SECI tranche XII auctions by Torrent Power Limited. 

Suzlon Energy is primarily engaged in the business of manufacturing wind turbine generators (WTGs) and related components of various capacities. The shares of the company also delivered multibagger returns of over 240 per cent in the last three years.  

On Monday, the stock opened at Rs 11.05, with a high and low of Rs 11.55 and Rs 11.02. The stock closed trading at Rs 11.42, up by 3.91%. The stock has a 52-week high of Rs 12.19 and a 52-week low of Rs 5.43. The company has a market capitalisation of Rs 13,908.15 crore. 

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