India's Suzlon Energy rises on order from Jindal Renewables's unit

Inox Wind

04/12/2024 07:35

** Suzlon Energy  SUZL.NS  rises as much as 4.7% to 68.45
rupees
    ** Wind energy equipment maker wins 302.4 MW wind power
project from JSP Green Wind 1, a subsidiary of Jindal
Renewables, to supply 96 wind turbine generators of 3.15 MW each
    ** Stock rated "buy" on avg; median PT is 80 rupees - LSEG
    ** Peers Inox Wind  INWN.NS  and JSW Energy  JSWE.NS  also
rated "buy"
    ** SUZL up ~78% YTD vs INWN's 63.5% rise and JSWE's 58% gain

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))