Multibagger penny stock under Rs 35: This small-cap wind energy stock bags new order for 50.4 MW wind power project!

Shares of the company gained more than 250 per cent in the last six months.

Suzlon Group, India's largest renewable energy solutions provider, has received an order to supply 16 wind turbine generators with a rated capacity of 3.15 MW each for a 50.4 MW wind power project in Dwarka district, Gujarat. The project is expected to be commissioned in 2025.

This is the repeat order for Suzlon's largest turbine, the S144-140m from the 3 MW series. As part of the agreement, Suzlon will supply the wind turbines and execute the project, including erection and commissioning. Suzlon will also provide comprehensive operations and maintenance services post-commissioning. A project of this size can provide electricity to approximately 38,000 households and curb approximately 1.51 lakh tonnes of CO2 emissions annually.

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Suzlon is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy worldwide. It has state-of-the-art R&D centres & training campuses in India. It believes in combining global experience with local expertise to maximize techno-economic value for its clients. It offers turbines in customized versions for installation according to climate ranging from hot, dry deserts to humid coasts, to near-freezing plains.

The company has a backlog of 1,582 megawatts of orders, with a focus on pursuing high-value, high-margin orders. More than half of the orders are for the next year. The shares of the company have gained about 300 per cent in the last one year.

Investors should keep a close eye on this penny stock.

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