Suzlon Energy Ltd., a leading renewable energy solutions provider, has announced its largest-ever Commercial & Industrial (C&I) segment order, marking a significant milestone in its operational history. This development comes as the company’s share price hovers below ₹50, reflecting a 43% decline from its 52-week high of ₹86.
The Pune-based company has secured a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables. This order expands Suzlon’s cumulative capacity for Jindal Renewables to an impressive 907.20 MW, making it the largest C&I order in Suzlon’s history. The energy generated will be utilized for captive consumption in steel plants located in Chhattisgarh and Odisha, contributing to India’s green energy transition.
Suzlon will supply 65 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a capacity of 3.15 MW. This partnership underscores Suzlon’s commitment to advancing sustainable industrial growth and decarbonization in India. The company’s total order book has now reached a record 5.9 GW, with C&I customers accounting for 59% of this capacity.
Despite the positive developments, Suzlon’s stock performance has been under pressure, with a 25% correction in the first two months of the year. Analysts remain optimistic about the company’s long-term growth prospects, citing its robust order book and strategic focus on renewable energy solutions.
This landmark order not only strengthens Suzlon’s position in the renewable energy sector but also aligns with India’s broader goals of achieving a sustainable and low-carbon economy.
