Suzlon on the buzz

Suzlon is doing pretty well despite the falling markets once again today and this can be attributed to the receipt of a new order it received. The company got its third order from Jindal Green Wind, a subsidiary of Jindal Renewables.

This is for supply of 65 state-of-the-art S144 wind turbine generators with Hybrid Lattice Towers, each rated at 3.15 MW capacity, taking total capacity to 204.75 MW.

The energy generated will be used for captive consumption in steel plants located in Chhattisgarh and Odisha.

Prior to this, Suzlon had got two orders to power Jindal Steel’s plants at Chhattisgarh and Odisha, adding 702.45 MW of wind.

This partnership is now Suzlon’s largest commercial and industrial order with cumulative capacity of 907.20 MW.

Suzlon Energy’s robust order book now features significant orders and partnerships with marquee clients—including reputed names like Jindal alongside NTPC. In statements by the company’s CEO, such collaborations have been highlighted as key drivers behind its strengthened market position in the renewable energy sector. This means that, in addition to the large order from NTPC Green Energy, Suzlon is also engaging with leading industrial players like Jindal to supply wind turbines, which reinforces investor confidence and underscores the company's long-term growth strategy.
 

The stock, which had closed yesterday at Rs.49.71, opened slightly lower at Rs.48.90 but soon rose 3.5% to an intraday high at Rs.51.48. Its 52-week high is at Rs.86.94 and low at Rs.35.49.