The announcement was made before trading hours today, 21 February 2012.

Meanwhile, the BSE Sensex was 88.15 points, or 0.48%, to 18,377.50.

On BSE, 29.24 lakh shares were traded in the counter as against an average daily volume of 63.20 lakh shares in the past one quarter.

The stock hit a high of Rs 30.45 and a low of Rs 29.10 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 until 17 February 2012, gaining 26.30% compared with the Sensex's 11.07% rise. The scrip had also outperformed the market in past one quarter, rising 13.48% as against 11.10% rise in the Sensex.

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

The project is scheduled for delivery between 2012 and 2015, a press release from Suzlon said. The agreement strengthens the strategic alliance started with the first contract signed in 2004, it said.

According to the release, the contract comprises REpower's turbines – the MM82 and MM92 – with a nominal power of 2 megawatts (MW), and the new REpower 3.4M104 and the 3.2M114 with 3.4 and 3.2 MW rated power respectively. The 3 MW series is the company's latest onshore development for sites with medium to low wind speeds.

Suzlon Energy reported consolidated net loss of Rs 286.46 crore in Q3 December 2011, higher than net loss of Rs 253.57 crore in Q3 December 2010. Net sales rose 12.5% to Rs 4985.79 crore in Q3 December 2011 over Q3 December 2010. The result was announced on 11 February 2012.

Suzlon cut its year ending March 2012 consolidated sales guidance to Rs 21000 crore – Rs 22000 crore, with EBIT margin of 5 – 6%, due to lower Q3 volumes.

Suzlon Group reported its highest ever order backlog of 5,755 megawatts (MW). The Group secured order inflows of 2.85 gigawatts (GW) in the first nine months of the year ending March 2012 (FY12), with approximately 1.5 GW in Q3 December 2011 alone; compared to 1.35 GW of inflows in all of first half of FY12. Over 50% of new orders came from repeat customers.

Suzlon Group subsidiary SE Forge also won a major order worth Rs 600 crore from a large bearings manufacturer, and secured major contracts with two large wind players. A strong mix of orders between emerging and developed markets, from an increasing share of large utilities and investors, creates robust visibility into the year ending March 2013, Suzlon said in a statement.

In its outlook, Suzlon said the industry continued to grow with strong momentum in emerging markets, the offshore segment and key developed markets. The Global Wind Energy Council (GWEC) reported that in 2011 the wind industry grew at over 21% with the addition of over 41 GW of new wind capacity worldwide. New offshore installations in Europe reached 866 MW in 2011, maintaining the momentum from 2010. The Indian market continued its growth, adding 3,000 MW in 2011 to reach over 16,000 MW in cumulative installations. With this growth, the Indian market is projected to reach 5 GW annually by 2015, and the offshore market's global share in total installations is likely to increase from ~3.5% in calendar year 2010 (CY10) to ~8-9% in CY15.

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.