Suzlon Energy Bolstered Order Book: Secured 378 MW Contract from NTPC Green

On April 23, 2025, Suzlon Energy Limited announced that it had received another 378 MW order from state-owned NTPC Green Energy Ltd. After this significant business development, Suzlon share price recorded a negative reaction and fell ~2% to the day’s low of ₹58.12 at 10:25 AM after opening at ₹59.61

Scope of New Contract

Under the new contract, Suzlon will deliver 120 S144 Wind Turbine Generators (WTGs), each equipped with Hybrid Lattice Towers (HLTs) and a rated capacity of 3.15 MW. The project is set to be carried out in the Gadag region of Karnataka. Suzlon will also be responsible for the foundation work, installation, and commissioning of the turbines, in addition to offering ongoing maintenance and support services.

Suzlon Order Book with NTPC Green

Suzlon Energy had received its largest wind energy order of 1,166 MW from NTPC Green Energy in September 2024. The company further stated in the exchange filing that this is the second order won from NTPC Green Energy in the last 8 months. Suzlon’s total orders with NTPC Green Energy now stand at 1,544 MW after including this order.

Management Take on New Contract with NTPC Green

Girish Tanti, Vice Chairman, Suzlon Group, said, “We are honoured to be a strategic partner in NTPC’s ambitious vision to accelerate India’s clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India’s largest PSU’s renewable journey by providing high‐quality, affordable power. From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing India’s leadership in the global clean energy movement continues.” `

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Securing major and high‐quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. It shows our ability to deliver reliable solutions while supporting India’s clean energy goals. This partnership strengthens our role as a trusted partner in India’s renewable energy journey.”

Also Read: Suzlon Energy Share Price Declines 17%, Touches One-Month Low

Conclusion

With this new order, Suzlon has consolidated its largest partnership with NTPC Green Energy Ltd. (NGEL) to 1,544 MW. This win cements Suzlon’s market leadership and commitment to large-scale growth.

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