Suzlon Group on Friday announced that it has secured a 381 MW order from Zelestra India and its affiliates. This is Zelestra’s first-ever FDRE project.
“With proven end-to-end capabilities, from cutting-edge turbine technology to 25 years of lifecycle support, Suzlon is empowering both corporate and utility players to meet their decarbonization goals with scale, reliability, and speed,” the company said in a regulatory filing.
Key details of the order
The 381 MW project involves 127 of Suzlon’s S144 turbines, and will be spread across Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW). The project is a part of SJVN’s FDRE bid in Maharashtra and MP, while the Tamil Nadu portion will serve Commercial & Industrial (C&I) power consumers.
A move towards sustainable energy future
Girish Tanti, Vice Chairman, Suzlon Group, said, “This project marks that critical shift. We are honored to collaborate with Zelestra, a global pioneer in decarbonization, as we collectively propel India towards a sustainable energy future.”
JP Chalasani, Chief Executive Officer, Suzlon Group, said, “What differentiates Suzlon is our ability to provide fully integrated solutions—from in-house technology and manufacturing to execution and lifecycle services.” This, he added, allows the company to deliver projects at scale while ensuring long-term value and energy security for our customers.”
Sajay KV, CEO, Zelestra India, said, “It sets the foundation for delivering our portfolio of 5 GW, from our strategically sited and uniquely co-located hybrid projects with Interconnection certainty of 2027 and 2028. We are confident that Suzlon’s experience and capabilities will help us deliver clean, reliable power to meet the country’s growing energy demand.”
Suzlon Energy’s shares movement
Shares of Suzlon Energy surged 5.99 per cent at 12:00 noon today to a trading price of Rs 65.28.
Earlier, Suzlon Energy had said that it has received a credit rating upgrade from CRISIL and a fresh rating assignment from ICRA. CRISIL upgraded Suzlon’s long-term rating to ‘CRISIL A+ / Stable’ from ‘CRISIL A / Positive’, while maintaining its short-term rating at ‘CRISIL A1’.