Wind turbine maker, Suzlon Energy gained nearly 4 percent intraday Thursday on the back of bagging new order from ReNew Power.



Suzlon Group has won another order for 90.30 MW turnkey project from its existing customer, ReNew Power. Suzlon will install its S97 90m WTGs with rated capacity of 2.1MW at Ellutla site Ananthpur district, Andhra Pradesh.



Suzlon is witnessing strong traction in order inflow and this recent 90 MW order from ReNew Power, bolsters its new order intake in Q1 FY 2016 to over 190 MW from leading IPPs.



The order of 90 MW from ReNew Power in Andhra Pradesh in the fourth repeat order from ReNew and the second order in the Q1FY16, as per company filing on the BSE. Me Tulsi Tanti, Chairman, Suzlon Group said, “Suzlon and ReNew share a common resolve to enhance India’s renewable energy portfolio and have successfully collaborated in the past few years.”



Suzlon Energy’s net loss increased to Rs 1212 crore during March 2015 against Rs 603 crore in a year ago period. Suzlon Energy was quoting at Rs 21.50, up Rs 0.70, or 3.37 percent on the BSE.

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