Multibagger penny stock under Rs 25: This heavy electrical equipment company wins a 201.6 MW order from O2 Power Private L
The stock has given multibagger returns of 170 per cent in just 6 months, while the BSE Sensex Index is up by 9 per cent.
Suzlon Group, India’s largest renewable energy solutions provider, today announced a significantly large new order acquisition for its 3 MW series of wind turbines from Teq Green Power XI Private Limited, part of O2 Power Private Limited. Suzlon will install 64 of its largest wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each for the 201.6 MW wind power project. The project is expected to be commissioned in 2025.
Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning. Suzlon will also provide operation and maintenance services post‐commissioning. The project is expected to be completed in 2025 and will have a total installed capacity of 201.6 MW. This project will enable O2 Power to provide electricity to 1.66 lakh households and curb 6.55 lakh tonnes of CO2 emissions per year.
Suzlon Energy Ltd produces wind turbine generators and associated components. An experienced investor, Mukul Agarwal, secured a 1.05 per cent ownership interest, which corresponds to 13 crore shares, in the company.
Shares of Suzlon Energy Ltd rose sharply by 5 per cent on Friday to hit an upper circuit of Rs 22.56 per share. The stock had closed at Rs 21.49 per share on the previous day. The stock’s 52-week high is Rs 22.86 and its 52-week low is Rs 6.60.
Suzlon Energy is a leading renewable energy company with a market capitalization of over Rs 30,000 crore. The company’s stock price has grown at a compounded annual growth rate (CAGR) of 82 per cent over the past three years. As of May 30, 2023, the company’s cumulative order book stands at over 1,500 MW.
The stock has given multibagger returns of 170 per cent in just 6 months, while the BSE Sensex Index is up by 9 per cent. Suzlon Energy is a penny stock that investors should keep under their radar.
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