The Exchange has sought clarification from Suzlon Energy Limited with respect to recent news item captioned Tata Power, Suzlon sign 6,000 cr deal for 700 MW wind project in Andhra. The response from the Company is awaited.
SUZLON · price
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NSE has asked Suzlon Energy to clarify a recent news report about Tata Power and Suzlon signing a 6,000 crore deal for a 700 MW wind power project in Andhra Pradesh. The deal is reported to be a major order for Suzlon's wind turbine business. As of now, the company has not officially confirmed or denied the news, and its formal response to the exchange is still awaited.
The stock may see short-term volatility as traders react to the news report while waiting for official confirmation. If the deal is confirmed, it would be a significant boost to Suzlon's order book and a positive signal for its business recovery. Investors should wait for the company's official statement before taking positions.