Suzlon Secures 100.8 MW Wind Power Project Order

Shares of Suzlon Energy surged 3% in early trade on December 15 following the company's acquisition of an order from a global utility company for a 100.8 MW wind power project.

Details of the Project

• Location: Gujarat
• Project Specifications:
  • Installation of 32 wind turbine generators
  • Utilization of hybrid lattice tubular towers
  • Each turbine with a rated capacity of 3.15 MW (a part of Suzlon's 3 MW series)
• Scope of Work:
  • Suzlon to handle supply, supervision, commissioning, and post-commissioning operation and maintenance services.

Quote from Suzlon's Vice Chairman

Girish Tanti, Vice Chairman of Suzlon Group, expressed, "The Suzlon 3 MW series is the next stage evolution of our proven technology, customized for the Indian wind regime, and 3.15 MW is one of the largest wind turbines in the country today."

Contribution to India's Carbon Neutrality Goals

The wind project is expected to significantly contribute to India's aspirations to achieve carbon neutrality, aligning with the country's sustainable energy initiatives.

Financial Performance Update

Suzlon Energy reported a net profit of Rs 102.29 crore in the September quarter, showing growth from Rs 56.47 crore in the previous fiscal. Despite a slight decline in revenue to Rs 1,417 crore in Q2 compared to Rs 1,430 crore in the year-ago period, the company's profits witnessed a substantial jump.

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