Suzlon Energy shares rose over 3% in early trade on March 24 after the company announced the acquisition of a repeat wind energy order from Gas Authority of India Limited (GAIL) for approximately 100 MW.
The stock opened at ₹41.30, up from its previous close of ₹39.94. Today’s trading range stands between a low of ₹40.51 and a high of ₹41.30, against a 52-week range of ₹38.19 to ₹74.30. Live volumes stand at over 1.23 crore shares, reflecting strong market interest in the announcement.
According to the company’s exchange filing, the order involves the supply and installation of 47 S120 wind turbine generators, each with a rated capacity of 2.1 MW. Suzlon will also manage project execution and provide operations and maintenance services post-commissioning. The project is to be executed in Nandurbar district, Maharashtra.
This is Suzlon’s sixth repeat order from GAIL and its fourth order from a public sector undertaking in the current fiscal year, following contracts from NTPC, BPCL, and AMC. The power generated will support decarbonisation of GAIL’s upcoming petrochemical plant in Nandurbar.
CEO Ajay Kapur noted that the company’s partnership with GAIL has spanned over 15 years, with previous projects executed across Gujarat, Tamil Nadu, and Karnataka. The Nandurbar project marks the first order under this partnership in Maharashtra.
PSU and commercial and industrial clients now account for over 64% of Suzlon’s order book. The company holds an installed capacity of over 2.2 GW in Maharashtra, representing a 38% market share in the state.
Suzlon Energy is one of India’s leading renewable energy solutions providers, with a presence across wind turbine manufacturing, project execution, and operations and maintenance services.
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