The order requires Suzlon to install 370 S144 WTGs with a rated capacity of 3.15 MW each, which will generate electricity to power 3 million households.
The project will be executed across 3 sites in Gujarat, according to the company’s filing with the exchanges.
“We are delighted to partner with NTPC Green Energy Limited, the renewables arm of India’s largest utility, NTPC Limited, in our capacity as the nation’s premier wind energy OEM. This landmark collaboration reaffirms our commitment to accelerating India’s renewable energy transition. Notably, this marks our first direct wind energy order from NGEL, signaling Suzlon’s triumphant return to the PSU customer segment,” said Girish Tanti, Vice Chairman of Suzlon Group.
Also read: Deep industries shares skyrocket over 19% to hit all-time high on Rs 1402 crore order win
“This project will emerge as the largest wind energy initiative by a PSU in Gujarat, cementing the state’s leadership in renewable energy. Upon completion, it will set a new benchmark for future projects, substantially contributing to India’s energy self-sufficiency, economic prosperity, and NGEL’s ambitious target of adding 60 GW of renewable energy capacity by 2032,” Tanti added.
As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning, in Gujarat, as well as undertake operations and maintenance services post-commissioning.
Shares of Suzlon have nearly doubled in the current calendar year and increased by over 3 times in the last year.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own and do not represent the views of The Economic Times.)