Suzlon Energy witnessed a rise in share price on Wednesday after the company said that ReNew Power Ventures, a renewable energy independent power producer issued order for 48 units of hybrid towers and 15 units of tubular towers with a rated capacity of 2.1 megawatts (MW) each.

The project is to be commissioned in Andhra Pradesh by March 2017. The project is capable of providing power to over 70,000 households and reducing 0.28 million tonnes of carbon dioxide emissions per annum. Suzlon will provide comprehensive range of services and dedicated life cycle asset management services for an initial period of 12 years.

With this order, Suzlon's portfolio with ReNew Power would exceed 500 MW. ReNew Power is one of the leading customers of Suzlon.

Shares of Suzlon Energy  are trading at Rs 16.70, up Rs 0.25, or 1.52%  at the Bombay Stock Exchange (BSE) on Wednesday at 10:37 a.m.

The scrip has touched an intra-day high of Rs 16.85 and low of Rs 16.45. The total volume of shares traded at the BSE is 964,557.

Total volume of shares traded on the bourses today was higher by 70.85% to 30,841,098 compared with 22-day average volume of 18,052,016.