Suzlon Energy Ltd experienced an upward trajectory, reaching a new 52-week high in Thursday’s trading session, extending its winning streak for the fifth consecutive day. The surge in buying activity followed the company’s disclosure to BSE, announcing that it had obtained the Revised List of Models & Manufacturers (RLMM) for its S144, a 3 MW series of wind turbines, from the Ministry of New and Renewable Energy (MNRE).
The S144 turbine, according to Suzlon Energy, is meticulously crafted to allow customization for site-specific requirements, enhancing Plant Load Factor (PLF). The stock of Suzlon Energy witnessed a notable uptick of 3.72%, reaching a peak of Rs 42 on BSE. Over the past five trading days, Suzlon Energy shares have recorded an impressive ascent of 12.54%.
Describing the significance of the RLMM as a crucial milestone for successful commercialization, Suzlon Energy stated that the renewable energy solutions provider had already installed the inaugural prototype of the S144 series at the Gondal site in Gujarat. The prototype stands tall with a hub height of 160m and features a Hybrid Lattice Tubular (HLT) tower.
At approximately 12:35 pm, Suzlon Energy shares maintained their positive momentum, trading 3.33% higher at ₹41.85, marking a noteworthy moment for the company in the renewable energy sector.