Suzlon Share Price Updates: Suzlon bags wind power project in Rajasthan; stock remains range-bound, up by 1.8%

Updated – June 11, 2024 at 03:43 PM.

Suzlon Energy Stock Price Updates: Suzlon Group has secured an order for the development of a 103.95-MW wind power project for AMPIN Energy Transition Private Limited. The company will install 33 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 3.15 MW each at the client’s site in Fatehgarh district in Rajasthan. Suzlon Energy recently hosted a conference call following the resignation of independent director Marc Desaedeleer. In his resignation letter, he expressed concerns about the company’s corporate governance and transparency, which did not meet his expectations. However, the company emphasized that there are no allegations of financial or legal impropriety and outlined measures to enhance transparency and improve information-sharing processes. ICICI Securities maintains a BUY rating on Suzlon with a target price of ₹60. The stock closed at ₹48.22 on the BSE on Tuesday, up by 1.84%.

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