Suzlon appoints Khaitan & Co. to review corporate governance, stock trades in green

The company clarified that it aims to identify any gaps in its corporate governance and strengthen them in order to achieve the highest standards of corporate governance. “To further aid the process, certain additional advisors may be appointed as required from time to time,” it added.

Shares of Suzlon Energy were trading higher by 0.44% on Friday.

Suzlon Energy on Tuesday announced the company has won a 103.95 megawatt (MW) order from AMPIN Energy Transition. As per the terms of the order, Suzlon will install 33 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower, with a rated capacity of 3.15 MW each. The project will be executed at the client’s site in the Fatehgarh district in Rajasthan, the company said in an exchange filing.

Last month, Suzlon Energy won an order for the development of an 81.9 megawatts (MW) wind energy project from Oyster Green Hybrid One. The company announced that as per the terms of the order, Suzlon Energy would install 26 wind turbine generators (WTGs) with an HLT tower with a rated capacity of 3.15 MW each.

The Suzlon Group comprises Suzlon Energy and its subsidiaries. It is a vertically integrated organisation, with in‐house research and development (R&D) centres in Germany, the Netherlands, Denmark, and India. The company has manufacturing facilities spread across multiple locations in India.

Shares of the company have risen by nearly 30% since the beginning of the year. The stock has gained over 247% in the last one year.