Suzlon Energy receives a 204.75 MW order, boosting share price by 4%. This marks their largest-ever commercial and industrial (C&I) order to date.
Suzlon Energy Share: Suzlon Energy's shares witnessed a significant surge on Tuesday. Despite a downturn in the domestic market, this energy stock demonstrated b performance. At 11 AM, Suzlon Energy's share price on the BSE rose by ₹1.62 or 3.26%, trading at ₹51.33 per share.
Suzlon's Strength Enhanced by New Order
Investor confidence in the stock has increased following a 204.75 MW order from Jindal Green Wind 1, a subsidiary of Jindal Renewables. This is Suzlon's third-largest order received from Jindal Green Wind.
Planned Project in Tamil Nadu
This order entails Suzlon Energy supplying 65 S144 western turbines, each with a capacity of 3.15 MW, coupled with hybrid lattice towers. These will be installed in the Kuruppur region of Tamil Nadu, with the generated electricity destined for Jindal Steel plants in Chhattisgarh and Odisha.
Largest C&I Order at 907.20 MW Capacity
Suzlon Energy has secured its largest-ever commercial and industrial (C&I) order to date, totaling 907.20 MW. Previously, the company received two large orders totaling 702.45 MW for western power, supplying electricity to Jindal Steel plants in Chhattisgarh and Odisha.
Suzlon Energy's Global Expansion
Headquartered in Pune, Maharashtra, the Suzlon Group has installed 20.9 GW of western power capacity across 17 countries. Furthermore, it manages approximately 15 GW of assets in India and an additional 6 GW internationally.
Jindal Renewables' Ambitious 2030 Target
Jindal Renewables currently produces around 3 GW of renewable assets. The company aims to develop 12 GW of renewable energy assets, storage facilities, and green hydrogen production by 2030.
