Highlighting the need for restructuring, Suzlon Energy said that the amalgamation would result in simplified group structure to further improve transparency.
Shares of Suzlon Energy Ltd hit their 12-year high in early trade today after Interim Budget 2024 outlined the government's plan to provide viability gap funding for the development of one gigawatt of offshore wind energy capacity. Suzlon Energy shares gained 4.34% to Rs 50.41, a 12.5-year high on BSE today. Suzlon Energy stock last hit the Rs 50 level intraday on August 5, 2011 when it rose to Rs 50.25 on BSE. The stock extended gains from the Budget day when it hit upper circuit of 5% at 48.31 on BSE. It closed at the same level in the previous session.
Shares of Suzlon Energy Ltd hit their 12-year high in early trade today after Interim Budget 2024 outlined the government's plan to provide viability gap funding for the development of one gigawatt of offshore wind energy capacity. Suzlon Energy shares gained 4.34% to Rs 50.41, a 12.5-year high on BSE today. Suzlon Energy stock last hit the Rs 50 level intraday on August 5, 2011 when it rose to Rs 50.25 on BSE. The stock extended gains from the Budget day when it hit upper circuit of 5% at 48.31 on BSE. It closed at the same level in the previous session.