Shares of Synergy Green Industries Ltd. rose over 16% on Friday after it received an order worth Rs 163.74 crore from Vestas Wind Systems. The order is to be executed during the financial year 2026.
The order is for both 2 MW and 4 MW parts for wind systems, according to an exchange filing. The order is split equally between domestic and export requirements.
Vestas Wind System is a wind original equipment manufacturer and has contributed to over one-third of the order book of the company for almost a decade, the company said.
Synergy Green is a manufacturer of large size critical castings for wind turbines and has a facility in Kolhapur, Maharashtra.
Synergy Green Industries stock rose as much as 16.32% during the day before paring gains to trade 7.43% higher at Rs 433.15 per share as of 3:20 p.m. This compares with a 1.23% decline in the benchmark Nifty 50.
It has risen 100.02% in the last 12 months and 33.41% year-to-date. The relative strength index was at 68.
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