Suzlon Power Restricted has secured a 3rd order of 204.75 MW from Jindal Inexperienced Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables, the corporate introduced right now in a inventory trade submitting.
This newest deal expands their partnership to a cumulative capability of 907.20 MW, making it Suzlon’s largest Business & Industrial (C&I) order thus far.
The shares of Suzlon Power Restricted have been buying and selling at ₹50.95 up by ₹1.17 or 2.35 per cent on the NSE right now at 10.20 am.
The brand new order includes supplying 65 S144 wind turbine turbines with Hybrid Lattice Towers, every with a 3.15 MW capability, which might be put in within the Karur area of Tamil Nadu. The generated energy might be used for captive consumption at Jindal Metal’s vegetation in Chhattisgarh and Odisha, furthering the corporate’s decarbonization efforts.
This follows two earlier orders totaling 702.45 MW of wind vitality capability for a similar metal vegetation. C&I clients now symbolize 59 per cent of Suzlon’s order guide, which has reached a file 5.9 GW, the very best within the firm’s historical past.
Girish Tanti, Vice Chairman of Suzlon Group, emphasised the partnership’s position in advancing India’s metal decarbonization, stating they’re “increasing the Low CO₂ Metal motion to Tamil Nadu.”
Bharat Saxena, President of Jindal Renewables, reaffirmed the corporate’s dedication to main the decarbonization motion in India’s metal business and changing into “the biggest de-carbonisation answer supplier.”
JP Chalasani, CEO of Suzlon Group, highlighted the corporate’s experience in offering renewable vitality options for hard-to-abate sectors like metal manufacturing.
Jindal Renewables is at present creating almost 3 GW of renewable belongings and goals to develop roughly 12 GW of renewable vitality belongings, storage services, and inexperienced hydrogen manufacturing by 2030.
Suzlon Group, headquartered in Pune, has put in roughly 20.9 GW of wind vitality capability throughout 17 nations and manages about 15 GW of belongings in India with an extra 6 GW put in internationally.
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