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Thursday, January 13, 2011

Suzlon Energy rises on getting order from Sterling Agro Industries

Suzlon Energy is currently trading at Rs 54.05, up by 0.40 points or 0.75% from its previous closing of Rs 53.65 on the BSE.

The scrip opened at Rs 53.80 and has touched a high and low of Rs 55 and Rs 52.70 respectively. So far 45,52,016 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 93.95 on 14-Jan-2010 and a 52 week low of Rs 43 on 26-Nov-2010.

Last one week high and low of the scrip stood at Rs 55.00 and Rs 46.45 respectively. The current market cap of the company is Rs 9420.04 crore.

The promoters holding in the company stood at 58.14% while Institutions and Non-Institutions held 13.66% and 27.93% respectively.

India’s biggest and the world’s third-largest wind turbine maker Suzlon Energy has been awarded an order by Sterling Agro Industries, which is also engaged in setting up renewable power projects, for sourcing equipment.

The order is for projects totalling 18.55 MW capacity. However, the financial details of the order have not been disclosed yet. The project is expected to be commissioned by the end of financial year 2010-11 in Karnataka and Madhya Pradesh.

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