Meanwhile, the BSE Sensex was up 75.53 points, or 0.44% to 17,152.71.

On BSE, 32.95 lakh shares were traded in the counter as against average daily volume of 51.27 lakh shares in the past one quarter.

The stock hit a high of Rs 28.30 and a low of Rs 27.50 so far during the day. The stock had hit a record low of Rs 17.25 on 2 January 2012. The stock had hit a 52-week high of Rs 58.45 on 21 April 2011.

The stock had outperformed the market over the past one month till 25 January 2012, surging 43.8% compared with Sensex's 8.5% rise. The scrip had, however, underperformed the market over the past one quarter, falling 25.65% as against Sensex's 1.03% fall.

The mid-cap wind turbine maker has equity capital of Rs 355.47 crore. Face value per share is Rs 2.

The Suzlon Energy stock has surged 5.4% in two trading sessions from Rs 26.50 on Tuesday, 24 January 2012, after the company announced before trading hours on Wednesday, 25 January 2012, that the company's subsidiary, REpower Systems SE, concluded a contract for the delivery of 25 wind turbines of the MM92 type with US developer enXco -- an EDF Energies Nouvelles company. The stock had gained 2.8% to settle at Rs 27.25 on Wednesday, 25 January 2012.

Suzlon Energy said that the MM92 turbines will be used at the Shiloh IV wind farm, situated in Solano County, California. After completion, the wind farm will have a power output of more than 50 megawatts (MW). The MM92 turbines for the Shiloh IV project have a rated power of 2.05 MW each and hub heights of 80 or 68.5 metres. Installation of the wind farm is scheduled for in the fall of 2012, Suzlon said in a statement.

In 2008 and 2011, REpower delivered wind turbines for enXco's Shiloh II and Shiloh III wind farms. Together, Shiloh II, III and IV wind farms will have a capacity of more than 300 MW which makes them REpower's largest US wind project to date, Suzlon said in a statement.

Commenting on the project, Mr Tulsi Tanti, Chairman, Suzlon Group said, This order underscores the strong relationship we share with our customers and their faith in our services. With our comprehensive product portfolio, extensive service capabilities and a robust track record, the Suzlon Group is very well positioned in the competitive US wind market.

Commenting on the project, Andreas Nauen, Chief Executive Officer, REpower Systems SE said, Since 2007 we have realised several wind term projects with enXco in the USA. This contract is another sign of confidence in our technology and execution capabilities.

The Suzlon Group is ranked as the world's fifth largest wind turbine supplier, in terms of cumulative installed capacity, at the end of 2010. The company's global spread extends across Asia, Australia, Europe, Africa and North and South America with over 18,000 MW of wind energy capacity installed in 28 countries, operations across 32 countries and a workforce of over 13,000.

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