Suzlon Vitality Restricted has secured a 3rd order of 204.75 MW from Jindal Inexperienced Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables, the corporate introduced right now in a inventory alternate submitting.
This newest deal expands their partnership to a cumulative capability of 907.20 MW, making it Suzlon’s largest Industrial & Industrial (C&I) order thus far.
The shares of Suzlon Vitality Restricted have been buying and selling at ₹50.95 up by ₹1.17 or 2.35 per cent on the NSE right now at 10.20 am.
The brand new order includes supplying 65 S144 wind turbine mills with Hybrid Lattice Towers, every with a 3.15 MW capability, which shall be put in within the Karur area of Tamil Nadu. The generated energy shall be used for captive consumption at Jindal Metal’s vegetation in Chhattisgarh and Odisha, furthering the corporate’s decarbonization efforts.
This follows two earlier orders totaling 702.45 MW of wind power capability for a similar metal vegetation. C&I prospects now signify 59 per cent of Suzlon’s order e-book, which has reached a report 5.9 GW, the very best within the firm’s historical past.
Girish Tanti, Vice Chairman of Suzlon Group, emphasised the partnership’s position in advancing India’s metal decarbonization, stating they’re “increasing the Low CO₂ Metal motion to Tamil Nadu.”
Bharat Saxena, President of Jindal Renewables, reaffirmed the corporate’s dedication to main the decarbonization motion in India’s metal business and turning into “the biggest de-carbonisation resolution supplier.”
JP Chalasani, CEO of Suzlon Group, highlighted the corporate’s experience in offering renewable power options for hard-to-abate sectors like metal manufacturing.
Jindal Renewables is presently creating almost 3 GW of renewable belongings and goals to develop roughly 12 GW of renewable power belongings, storage amenities, and inexperienced hydrogen manufacturing by 2030.
Suzlon Group, headquartered in Pune, has put in roughly 20.9 GW of wind power capability throughout 17 international locations and manages about 15 GW of belongings in India with a further 6 GW put in internationally.
- Additionally learn: Inventory Market Dwell Updates 4 March 2025: Sensex declines 347.07 factors to 72,738.87; Nifty falls 109.85 factors to 22,009.45
