Suzlon Energy surges 4% after securing 302.4-MW wind power project

The stock was trading at Rs 68.24 on BSE, up 4.3 percent from its previous close while India's benchmark Sensex rose 0.43 percent to 81189.93 points.

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Shares of Suzlon Energy Ltd surged over 4 percent on December 4 after the company said in a notice to exchanges that it won an order for a 302.4 MW wind power project from Jindal Renewables. This was the second order from Jindal Renewables.

The stock was trading at Rs 68.24 on BSE, up 4.3 percent from its previous close while India's benchmark Sensex rose 0.43 percent to 81189.93 points.

According to the release, Suzlon Energy said it got an order from JSP Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables for a 302.4 MW wind power project in Karnataka’s Koppal region.

This initiative aims to boost India’s green steel production and brings Jindal Renewables’ total capacity with Suzlon to 702.4 MW—marking Suzlon’s largest-ever commercial and industrial (C&I) order from a single client.

Earlier last month, the firm got a 400 MW captive wind power project from Jindal. C&I customers now constitute 56% of Suzlon’s record-breaking order book, which stands at 5.4 GW.

As part of the agreement, Suzlon will deliver 96 advanced S144 wind turbine generators (WTGs) equipped with Hybrid Lattice Towers (HLT), each with a capacity of 3.15 MW. The energy generated will power steel plants in Chhattisgarh and Odisha for captive use, promoting operational sustainability and supporting India’s transition to green energy.