Suzlon Share Price in Focus After it Bags 249 MW Wind Energy Order from ArcelorMittal for Gujarat Project

Suzlon Group, India’s leading wind energy solutions provider, has won a 248.85 MW wind power order from the ArcelorMittal Group through its renewable energy arm in India.

This is Suzlon’s first order from ArcelorMittal and the fourth green steel-related order secured by the company in a single year.

Project Details

The project will be executed in Bachau, Gujarat, and is part of a 550 MW hybrid renewable energy project. The wind power generated will be used for captive consumption at ArcelorMittal Nippon Steel’s facilities in India.

Suzlon will supply 79 S144 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW.

Strengthening Green Steel Capacity

With this order, Suzlon’s total contribution to green steel capacity in India has reached around 1,156 MW. Over the past year, the company has partnered with several leading steelmakers to support the shift toward low-carbon steel production.

Suzlon continues to be the largest wind energy player in Gujarat, with an installed base of about 4.5 GW in the state.

Management Commentary

Girish Tanti, Vice Chairman of Suzlon Group, said the partnership highlights the growing role of renewable energy in reducing emissions in energy-intensive sectors like steel.

JP Chalasani, CEO of Suzlon Group, said the project aligns with the company’s strategy to expand its EPC (engineering, procurement, and construction) business, which is expected to form a larger share of future orders.

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About Suzlon Group

Suzlon Group is a global renewable energy company with over 21 GW of wind energy capacity installed across 17 countries. The company operates manufacturing and R&D facilities in India and Europe and is India’s largest wind energy solutions provider.

Suzlon Share Price Movement

Suzlon Energy share price (NSE: SUZLON) was trading 3.5% higher at ₹47.38 in afternoon trade on January 28. The stock opened at ₹46.01, touched an intraday high of ₹47.44, and a low of ₹46.01. Suzlon’s market capitalisation stands at around ₹64,940 crore, with a P/E ratio of 20.5. The stock has a 52-week high of ₹74.30 and a 52-week low of ₹44.88, while the company does not currently pay a dividend.

Conclusion

Suzlon’s latest order from ArcelorMittal strengthens its leadership in India’s renewable energy sector and highlights the growing demand for clean power in industrial decarbonisation. The project is another step toward expanding green steel production in the country.

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