Suzlon Share Price Rises 2.75%; Secures 204.75 MW Order from Jindal Renewables

Suzlon Energy has announced a significant order win of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd, a subsidiary of Jindal Renewables.

Details of the Order

This marks Suzlon’s third order from Jindal, further strengthening their partnership in India’s renewable energy sector. The latest deal takes Suzlon’s total commercial and industrial (C&I) orders from Jindal to 907.20 MW, making it the company’s largest-ever C&I project.

Earlier, Suzlon secured two separate orders to power Jindal Steel’s plants in Chhattisgarh and Odisha, adding 702.45 MW of wind energy capacity. With this latest order, Suzlon’s total order book has reached a record 5.9 GW, the highest in its history. Notably, C&I customers now account for 59% of the company’s total orders.

As part of the new contract, Suzlon will supply 65 advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at 3.15 MW. The energy generated will be used for captive consumption at steel plants in Chhattisgarh and Odisha, supporting their sustainability goals.

Management Commentary

Commenting on this development, the Vice Chairman of Suzlon Group, Girish Tanti, said, “We’re proud to propel India’s steel decarbonization forward through our strengthened partnership with visionary organisations like Jindal Renewables. Building on our initial successes in Karnataka, we’re now expanding the Low-CO₂ Steel movement to Tamil Nadu, a trailblazer in wind energy. Together, we’re redefining the future of sustainable industrial growth in India.”

Bharat Saxena, President of Jindal Renewables, said, “At Jindal Renewables, we are committed to leading the decarbonisation movement in India’s steel industry. This third order with Suzlon is a clear demonstration of our commitment to sustainable practices and our vision to become the largest de‐carbonisation solution provider.”

JP Chalasani, Chief Executive Officer of Suzlon Group, emphasised the company’s expertise in renewable energy and its commitment to decarbonizing hard-to-abate sectors, such as steel and heavy industries. He highlighted that with the rapid acceleration of industrial growth, the demand for sustainable energy solutions is more crucial than ever. Chalasani stated that Suzlon remains dedicated to providing innovative wind energy solutions that enable industries to lower their carbon footprint while ensuring long-term energy security.

Conclusion

This partnership underscores Suzlon’s growing role in India’s renewable energy sector, helping industries transition to greener operations and reducing carbon emissions.

On March 4, 2025, Suzlon Energy share price (NSE: SUZLON) opened at ₹48.85, down from its previous close of ₹49.78. At 11:16 AM, the share price of Suzlon was trading at ₹51.15, up by 2.75% on the NSE.

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