Suzlon Energy shares in focus on Thursday; here's why

Suzlon Energy share price today, Suzlon Energy new order, Suzlon Energy news latest: Suzlon Energy shares remained in focus on Dalal Street on Thursday after the renewable energy solutions company said the Rajasthan Goods and Services Tax (GST) Department imposed a penalty of Rs 1.36 crore on the company, citing excess input tax credit (ITC) claimed during the financial year 2017-18. The company is in the process of filing an appeal before the Appellate Authority. Suzlon Energy shares ended at Rs 38.19, up by 3.08 per cent on BSE.

In another development, the Pune-headquartered company announced the receipt of an order of 100.8 MW from Mahindra Susten. Here are some of the key details details of the order:

• To supply 48 wind turbines with a rated capacity of 2.1 MW each
• Project to be installed in Maharashtra with a total installed capacity of 100.8 MW
•  Electricity generated from the project will be supplied to Commercial and Industrial
• (C&I) customers in the state of Maharashtra
• Mahindra Susten Pvt Ltd is a Mahindra Group company

"Suzlon will execute the project with a full scope of supply, installation, and commissioning. Additionally, Suzlon will also undertake post‐commissioning operation and maintenance services," the fiing read.

Suzlon Energy : Past Performance

The Suzlon shares in the last one year have given a multi-bagger return of over 250 per cent. The counter has skyrocketed over 150 per cent in the six months, over 250 per cent year to date. The counter has outperformed the benchmark Nifty 50 comprehensively, which has risen nearly 20 per cent in the one-year period.

About The Suzlon Group

The Suzlon Group is renewable energy solutions providers in the world with 20.3 GW of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India; the Group comprises of Suzlon Energy Limited and its subsidiaries.

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