Multibagger stock under Rs 50: This power generation company secures a 100.8 MW order for the 3 MW series from a leading Global Utility!

The stock has delivered multibagger returns of 163.49 per cent in just 6 months and a whopping 859.70 per cent returns over 3 years.

Indian markets celebrated today, reaching record highs with both Sensex and Nifty crossing 71,000 and 21,300 respectively. This two-day winning streak for Nifty, fueled by optimism around a potential dovish stance from the US Federal Reserve, paints a bright picture for the near future. Investors cheered, marking a happy day for Indian markets.

Riding this wave of optimism is Suzlon Energy Ltd, Indian renewable energy giant Suzlon has secured a major victory, winning a 100.8 MW wind power project order from a leading global utility company. This exciting news signifies a significant boost for Suzlon's position in the renewable energy market and paints a promising picture for the future of clean energy in India.

The project, to be situated in Gujarat, boasts an impressive capacity of 100.8 MW, capable of powering an estimated 77,000 households and preventing the emission of a staggering 3.02 lakh tonnes of CO2 annually. This translates to the environmental equivalent of planting over 17 million trees – a testament to the project's immense positive impact. Suzlon will be responsible for the entire project lifecycle, from supplying and installing the 32 advanced 3.15 MW wind turbines featuring their cutting-edge Hybrid Lattice Tubular technology, to overseeing commissioning and providing comprehensive post-operation maintenance.

Looking beyond this specific project, Suzlon boasts a robust track record with over 20.3 GW of wind energy capacity installed across 17 countries. As India's No. 1 wind energy service provider, holding a 32 per cent market share, Suzlon possesses a deep understanding of the sector and an unwavering commitment to quality and efficiency. Their vertically integrated operations, encompassing in-house R&D, manufacturing facilities, and a pan-India service network, further solidify their position as a reliable and comprehensive solutions provider.

The Indian renewable energy industry itself presents a flourishing landscape, brimming with potential. With ambitious targets of achieving 500 GW of non-fossil fuel energy capacity by 2030 and net-zero emissions by 2070, the market is poised for explosive growth. The share of renewables in the overall power mix is expected to skyrocket, creating vast opportunities for players like Suzlon who are well-positioned to capitalize on this promising future.

Suzlon's recent order win and its overall strengths position the company to capitalize on these promising market conditions. With its focus on innovation, reliability, and customer service, Suzlon is well-equipped to play a leading role in India's clean energy revolution.

Today, Suzlon Energy converted over 12 lakh (1.2 million) partly paid shares into fully paid shares. These were special shares issued in October 2022 where you only paid half the price then. Now, by paying the remaining half at Rs 1 per share, they're fully paid and worth more. This boosts the company's available funds by Rs 31 lakh and strengthens your ownership of those shares. This is just a procedural update though and shouldn't directly affect the share price.

The stock has delivered multibagger returns of 163.49 per cent in just 6 months and a whopping 859.70 per cent returns over 3 years. Investors should keep an eye on this WInd energy stock
 

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