"REpower Systems SE, a wholly owned subsidiary of the Suzlon Group, bagged two contracts, totalling 40 MW, for the supply of 20 wind turbines with an output of 2.05 MW each," Suzlon Energy said in a statement. These turbines will be supplied to wind farms in France.
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"REpower will provide with the full maintenance of these two wind farms for a minimum of five years," the statement said. The project deliveries, for the wind farm in Somme Soude, are planned for spring 2014, and commissioning for September, 2014.
Project deliveries, for the farm in Hangest, are planned for spring 2014, and commissioning for September, 2014. "These contracts are the results of many fruitful exchanges between both our companies. The commissioning of the wind farms of Hangest is perfectly in line with our development strategy in wind energy," Pierre Parvex, Director of the Renewable Energy Division, GDF SUEZ Energie France said in the statement.
Shares of Suzlon Energy were trading at Rs 9.60, up 3 percent, on the BSE.
Suzlon Energy stock price
On December 19, 2013, at 14:12 hrs Suzlon Energy was quoting at Rs 9.62, up Rs 0.30, or 3.22 percent. The 52-week high of the share was Rs 26.90 and the 52-week low was Rs 5.72.
The latest book value of the company is Rs 9.95 per share. At current value, the price-to-book value of the company was 0.97.
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