FINWIRES · TerminalLIVE
FINWIRES

Suzlon Energy Clinches 195 MW Wind Power Order from Sunsure

By

Suzlon Energy (NSE:SUZLON, BOM:532667) has received a repeat order of 195 MW from Sunsure Energy for the latter's project in the Bijapur district of Karnataka, India, according to a Friday filing to the Indian stock exchanges.

The latest order, the cumulative partnership between Suzlon and Sunsure, has increased to nearly 300 MW across the states of Maharashtra and Karnataka.

Under the latest contract, Suzlon will install 65 units of S144 wind turbine generators (WTGs), each rated at a 3.0 MW capacity. The renewable energy company will supply wind turbines, execute the project, including erection and commissioning, along with operations and maintenance services post-commissioning.

With this order, the company's order book in Karnataka now stands at over 2 GW.

The company's shares were up over 1% in recent trade.

Related Articles

Asia

Shyndec Pharma Gets Registration Certificate for Ibrutinib Capsules

Shanghai Shyndec Pharmaceutical (SHA:600420) received a drug registration certificate from China's National Medical Products Administration for ibrutinib capsules, according to a Shanghai bourse filing on Friday.The drug is used to treat cancers such as lymphoma and Waldenström Macroglobulinemia.The pharmaceutical company invested 15.6 million yuan into the drug's research and development.

$SHA:600420
Asia

Welspun Corp's Consolidated Profit Slumps in Fiscal Q4; Shares Fall 4%

Welspun Corp (NSE:WELCORP, BOM:532144) consolidated attributable net profit declined to 3.70 billion rupees in the fiscal fourth quarter ended March 31 from 6.98 billion rupees a year ago, according to a filing to the Indian stock exchanges on Thursday.Shares of the pipes manufacturer fell over 4% in Friday's trade.Earnings per share contracted to 14.04 rupees from 26.50 rupees a year earlier.Revenue from operations in fiscal Q4 increased to 43.1 billion rupees from 39.2 billion rupees a year ago.The company's board of directors recommended a final dividend of 5 rupees per share for the financial year ended March 31.

$BOM:532144$NSE:WELCORP
Asia

Market Chatter: Korea Gas Signs 10-Year LNG Purchase Agreement with British Oil & Gas Firm BP

Korea Gas (KRX:036460) signed a 10-year contract with British oil and gas company BP plc (LON:BP) to purchase 700,000 tons of liquefied natural gas (LNG) on an annual basis, beginning in 2028, Yonhap News reported Friday.The agreement follows a separate agreement signed by Korea Gas last year to import 3.3 million tons of LNG annually from the US beginning in 2028, the report said.Korea Gas said the latest contract will help diversify energy supply sources and stabilize gas prices amid prolonged Middle East tensions, it said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$KRX:036460$LON:BP