At 9:26 AM, Suzlon Energy shares jumped 5% to ₹81.95, following news of the company securing the largest wind energy order in India to date. The order, awarded by NTPC Green Energy Limited (NGEL), involves the installation of 1,166 MW of wind turbine generators (WTGs), marking a significant milestone for Suzlon.
Suzlon will install 370 wind turbines, each with a capacity of 3.15 MW, across two projects in Gujarat for NTPC Renewable Energy Limited and one for IndianOil NTPC Green Energy Pvt. Ltd. This order brings Suzlon’s cumulative order book to nearly 5 GW as of September 2024, reinforcing the company’s position as a leader in India’s renewable energy sector.
The stock’s rally reflects strong investor confidence in Suzlon’s growth prospects following this landmark deal, which is set to boost its long-term revenue and operational capacity.
