The share price of Suzlon Energy is seeing gains after the Indian renewable energy solutions provider secured a repeat order from the nation’s largest natural gas company.
On Tuesday, Suzlon Energy advanced to ₹41.30, up by 3.41% from the previous closing price of ₹39.94.
The stock still has to recover from big losses though. Based on the current price of ₹40.01, Suzlon Energy is still down by 3.68% over the past five trading days and 9.34% over the past month.
6th Wind Energy Project from Gail
The stock rose after Suzlon announced its sixth wind energy project of around 100 MW from the state-owned energy corporation Gas Authority of India Limited (GAIL).
The project, which is also the company’s fourth public sector undertaking (PSU) order for the financial year 2026, will support the decarbonization of GAIL’s upcoming petrochemical plant in Nandurbar, Maharashtra.
Scope of the Project
Suzlon said that it will install 47 state-of-the-art S120 wind turbine generators (WTGs), each with a rated capacity of 2.1 MW. The company will also supply wind turbines, oversee equipment installation and execute the project, which includes erection and commissioning, as well as providing operations and maintenance services post-commissioning.
“We are happy to continue our strong relationship with GAIL, a valued partner for over 15 years and signing our sixth order together. We have worked over the years in Gujarat, Tamil Nadu and Karnataka and are now extending this partnership with a maiden order in Maharashtra,” said Suzlon Group Chief Executive Officer Ajay Kapur in a statement.
Kapur said that the company re-entered the PSU segment two years ago with just 1.1 GW order from NTPC Limited.
“Today, PSU and C&I constitute over 64% of our orderbook and we are working with all the leading PSUs and C&Is in the country.”
Source: https://coinpaper.com/15656/suzlon-energy-shares-jump-after-gail-wind-project-win
