Stocks to watch: Suzlon Energy in partnership with Torrent Power has won 486 MW order
As per release by Suzlon Energy on the exchanges on 24 January, the company announced having won 486 MW order with Torrent Power.
Suzlon and Torrent Power thereby have achieved 1 GW Wind Energy Milestone with a New 486 MW Order as per the company release.
Order details
Under the order agreement, Suzlon will supply 162 state‐of‐the‐art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) Towers, each rated at 3 MW capacity in the Bhogat region in Gujarat.
This strategic collaboration as per the company is pivotal in supporting India’s ambitious target of achieving 50% of electricity from renewable sources and strengthening the Make in India initiative.
Key highlights of the order are that
Its Fifth landmark Order from Torrent Power to Suzlon
Suzlon & Torrent partnership now Powers 1 GW of Wind Energy for India
To install 162 S144 WTGs with a rated capacity of 3 MW each
To be executed in the Bhogat region in Gujarat
Share price movement
Suzlon Energy share price opened at ₹54.99 on the BSE on Friday, higher than the previous close of ₹54.32. Suzlon Energy share price thereafter drifted downward to intraday lows of ₹52.50.
Suzlon Energy share price is down almost 20% year to date, post sharp correction in the markets
Torrent Power share price however gained 4% on Friday
Management views
Girish Tanti, Vice Chairman, Suzlon Group, in a statement said, “We are proud to partner with Torrent, a pioneer in integrating renewables into their energy portfolio. Our decade‐long collaboration has reached a remarkable milestone ‐ 1 GW of cumulative orders across Gujarat and Karnataka. Built on trust, innovation, and a shared vision, this partnership has leveraged advanced technologies to deliver quality power to nearly 1 million households. Together, we remain committed to driving India’s energy transition and building a sustainable future.
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