New Delhi: In a game-changing move for renewable energy giant Suzlon Group, the Ministry of New and Renewable Energy (MNRE) has bestowed recognition upon its S144-3 MW wind turbines, propelling Suzlon Energy Limited into a buying frenzy on the BSE. As this green energy marvel gains governmental validation, its shares soar, marking an unprecedented 410% surge in just six months.Suzlon Group is riding the wave of triumph as its S144-3 MW series of wind turbines earns a spot on the prestigious Revised List of Models and Manufacturers (RLMM) by the MNRE. This green nod comes at a strategic moment, with the S144 product already basking in market acclaim. Suzlon Group CEO J.P. Chalasani expresses delight at the timely recognition.Shares soaring by 4 per cent The BSE experiences a seismic shift as Suzlon Energy shares surge by over 4%, breaking the Rs 42 barrier during Thursdays trading. Last Wednesdays closing at ₹40.49 with a gain of ₹1.85 or 4.79% marks a milestone for a stock that has catapulted over 410% in just six months. Investors witness a staggering 110% return compared to the Sensex in the past three months, signifying Suzlons meteoric rise.Suzlon Energy achieves a monumental feat by securing a coveted spot in the Morgan Stanley Capital International (MSCI) India Index. This global acknowledgment, effective from November 30, 2023, contributes to the companys stock surge. Joining prestigious ranks with companies like IndusInd Bank and One 97 Communications, Suzlons inclusion enhances its global standing.Surging profit sustains Amidst these groundbreaking developments, Suzlon Energy unveils its robust financial performance in the September quarter. With an 81% profit surge to Rs 102 crore attributed to reduced expenses, the company demonstrates financial resilience. Despite a marginal dip in total income and expenditure, Suzlons profit trajectory continues its upward climb, showcasing the companys sustainability and growth.As Suzlon Energy emerges as the undeniable force in renewable energy, backed by governmental accolades and global recognition, i The surge in shares and financial resilience tell a compelling story of Suzlons ascent. Stay tuned as this renewable energy giant reshapes the narrative of sustainable investments on the market stage.
