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Multibagger stock under Rs 50 supported by LIC: This wind energy stock climbs more than 300 percent after securing a 551.25 MW order for a wind power project!

The Aditya Birla Group has awarded a sizeable order for a 551.25 MW wind power project to Suzlon, a prominent renewable energy business in India. Throughout Rajasthan and Gujarat, 175 wind turbines, each with a 3.15 MW capacity, will be used for this project. Suzlon will take care of the project’s erection, commissioning, oversight, and turbine supply, among other things. Interestingly, the greater capacity turbines from Suzlon’s 3 MW series are involved in this victory. The businesses within the Aditya Birla Group will use the generated power.

Juniper Green Energy recently provided the corporation with fresh wind energy projects totaling 402 MW. These projects will make use of 134 3 MW wind turbines by Suzlon and be situated in Rajasthan. Different agreements will govern how the generated power is used.

The company’s consolidated sales increased by 28.95% in Q4FY24 over the same period the year before, and its operating profit increased while its net earnings decreased. Suzlon is positioned for future growth and leadership in the renewable energy industry thanks to its strong financial position.

The Suzlon Group, which has deployed 20.3 GW of wind generating capacity across 17 countries, is one of the world’s top providers of renewable energy solutions. Suzlon Energy Limited and its subsidiaries make up the Group, which has its headquarters at Suzlon One Earth in Pune, India. In the past year, the stock has also produced multibagger gains of more than 300 percent. The corporation is owned by LIC, through the LICI Health Plus Non Unit Fund, to the tune of 1.03 percent.

Investors should closely monitor this stock because of its amazing rise.

Disclaimer: This is not investment advice; it is merely informational.

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