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JSP Green Wind 1, the subsidiary of Jindal Renewables, awarded a 302.4 MW wind power project to Suzlon Energy in the Koppal region of Karnataka in order to accelerate the country's green steel production.

Commercial and Industrial (C&I) customers now represent 56% of Suzlon's total order book, which has reached a record 5.4 GW, marking Suzlon's highest-ever order book to date.

Under the strategic agreement, Suzlon will supply 96 S144 wind turbine generators (WTGs) with hybrid lattice (HLT) towers, each of which will have a capacity of 3.15 MW.

The energy generated will be utilised for captive consumption in steel plants located in Chhattisgarh and Odisha, enhancing the company's operational sustainability.

Girish Tanti, Vice Chairman of the Suzlon Group, said, “This collaboration will propel our joint green steel mission forward while significantly contributing to India's ambitious renewable energy target of 50% electricity from non‐fossil fuels by 2030.”

Bharat Saxena, President, Jindal Renewables, said, “This project aligns perfectly with our commitment to driving sustainability and decarbonisation in the steel industry. Partnering with Suzlon for lower-emission steel production is just the beginning; there will be many more such initiatives as we continue to lead the way in adopting renewable energy solutions.”

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Initiatives like this are critical for transforming hard-to-abate sectors, such as steel, into models of sustainable growth. The integration of renewable energy into industrial operations is not just an opportunity but a necessity for a cleaner and greener future. We encourage more organisations to reimagine their operations and embrace renewable energy solutions. Partnerships like ours with Jindal Renewables set a benchmark for how industries can innovate to meet both economic and environmental goals.”

Suzlon Energy is engaged in the business of design, development, manufacturing, and supply of wind turbine generators (WTGs). Suzlon Energy (SEL) is India's largest renewable energy solutions provider, with a presence in 17 countries across six continents.

The company reported a 95.72% surge in consolidated net profit to Rs 200.20 crore on a 47.68% rise in revenue from operations to Rs 2,092.99 crore in Q2 FY25 over Q2 FY24.

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Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka, aimed at accelerating India¡¯s green steel production. This second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest©\ever commercial and industrial (C&I) order from a single customer. Last month, Suzlon secured a 400 MW captive wind power project with Jindal Renewables in the same region, highlighting the strategic collaboration between the two companies.

Commercial and Industrial (C&I) customers now account for 56% of Suzlon¡¯s total order book, which stands at a record 5.4 GW¡ªSuzlon¡¯s highest©\ever order book to date.

Under the strategic agreement, Suzlon will supply 96 state©\of© he©\art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) Towers, each rated at a 3.15 MW capacity.

The energy generated will be utilised for captive consumption in steel plants located in Chhattisgarh and Odisha, enhancing their operational sustainability and contributing to India's green energy transition.

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Suzlon Energy has allotted 6,64,000 equity shares under ESOP on 22 November 2024. Post allotment of these shares, the paid up equity share capital has increased to 1364,73,33,696 equity shares of Rs 2 each.

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Mangal will also cease to be the senior management personal (SMP) of the firm from the date same date as well.

Suzlon Energy is engaged in the business of design, development, manufacturing and supply of wind turbine generators (WTGs). Suzlon Energy (SEL) is India's largest renewable energy solutions provider with presence in 17 countries across six continents.

The company reported 95.72% surge in consolidated net profit to Rs 200.20 core on 47.68% rise in revenue from operations to Rs 2,092.99 crore in Q2 FY25 over Q2 FY24.

Shares of Suzlon Energy tumbled 6.49% to Rs 62.50 on Friday, 8 November 2024.

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