Suzlon Energy Share Price in Focus; Secures 6th Repeat Order of 100 MW from GAIL

Written by: Team Angel OneUpdated on: 24 Mar 2026, 3:31 pm IST
Suzlon wins its 6th 100 MW order from GAIL, reinforcing its leadership in Maharashtra's renewable energy sector.
Suzlon Energy Share Price in Focus
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Suzlon Energy Limited has announced another significant milestone by securing its 6th repeat order of 100 MW from the Gas Authority of India Limited (GAIL).  

This development further cements Suzlon's position as a leading renewable energy solutions provider in Maharashtra. 

Suzlon's Strategic Expansion in Maharashtra 

On March 24, 2026, Suzlon revealed its latest project with GAIL, marking its 6th collaboration with the company.  

The project, located in the Nandurbar district of Maharashtra, involves the installation of 47 state-of-the-art S120 wind turbine generators (WTGs), each with a capacity of 2.1 MW.  

Suzlon's comprehensive approach includes supplying turbines, overseeing equipment installation, and executing the project, along with providing operations and maintenance services post-commissioning. 

Strengthening PSU Partnerships 

This order is Suzlon's 4th PSU order in the fiscal year 2026, following collaborations with NTPCBPCL, and AMC. The power generated will support the decarbonisation of GAIL's upcoming petrochemical plant in Nandurbar.  

As per exchange filings, Ajay Kapur, Chief Executive Officer, Suzlon Group, stated, " We are happy to continue our strong relationship with GAIL, a valued partner for over 15 years and signing our sixth order together. We have worked over the years in Gujarat, Tamil Nadu and Karnataka and are now extending this partnership with a maiden order in Maharashtra. Two years ago, we re-entered the PSU segment, starting with a 1.1 GW order from NTPC Limited. Today, PSU and C&I constitute of over 64% of our orderbook and we are working with all the leading PSUs and C&Is in the country." 

Suzlon's Market Leadership 

With over 2.2 GW of installed capacity and a 38% market share in Maharashtra, Suzlon has been instrumental in the state's emergence as a renewable energy hub.  

The company's strategic focus on PSU partnerships has resulted in PSU and C&I constituting over 64% of its order book. Suzlon's re-entry into the PSU segment began 2 years ago with a 1.1 GW order from NTPC Limited. 

Read More: India's Power Sector Requires $2.2 Trillion Investment Over the Next 2 Decades! 

Suzlon Energy Share Price Performance 

As of March 24, 2026, at 9:45 AM, Suzlon Energy share price on NSE was trading at ₹40.61 up by 1.68% from the previous closing price. 

Conclusion 

Suzlon's latest 100 MW order from GAIL underscores its continued leadership in the renewable energy sector. By expanding its partnerships with public sector undertakings, Suzlon is playing a pivotal role in advancing India's renewable energy capabilities. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Mar 24, 2026, 9:58 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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