Suzlon Group, one of the India's leading renewable energy solution provider on Wednesday, May 29, through an exchange filing announced that the company has secured a significant new order. The project involves developing a massive 551.25 MW wind power project for the Aditya Birla Group.
Following the announcement, the shares of the company experienced a positive uptick. At 1:44 pm IST, the shares were trading at Rs 46.10, marking an increase of 4.89 per cent.
About the project details
The company through the regulatory filing announced said that the project includes the installation of 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower. Each turbine will have a rated capacity of 3.15 MW and will be installed at sites in the Barmer district of Rajasthan and the Bhuj district of Gujarat.
Advanced Turbines
The order is for the company's larger rated 3.15 MW, S144-140m turbines from their 3 MW product series. The larger rated turbines are designed to maximise energy production and efficiency.
As part of the agreement, the project is divided between two sites. In Rajasthan, Suzlon will handle the full scope of the project, including supplying the wind turbines, erecting, and commissioning them and in Gujarat, Suzlon will supply the turbines and provide supervision and commissioning services.
The order is for the company's larger rated 3.15 MW, S144-140m turbines from their 3 MW product series/Representative Image |
Girish Tanti, Vice Chairman, Suzlon Group, said, "We are delighted to partner once again with the Aditya Birla Group for this order. Suzlon admires and shares the value of nation building with the Aditya Birla Group and welcomes this opportunity to power them with sustainable energy."
Jayant Dua, Business Head and Director, Aditya Birla Renewables Limited, said, “At Aditya Birla Renewables Limited, we prioritise partnerships that enhance our mission to power India Inc. with renewable energy, expanding the accessibility of green power throughout the country. Suzlon’s technological expertise, manufacturing capabilities, and comprehensive project development skills will help accelerate our energy transition journey and support our net‐zero commitments.”
Shares Performance
The shares of the company at 1:56 pm IST were trading at Rs 46.10, up by 4.89 per cent.
