Suzlon shares gain over 2% after winning order from Sunsure Energy

Suzlon Energy Ltd shares gained over 2% on Thursday, April 17, after the company said it won a 100.8 MW wind order from Sunsure Energy.

The project will be executed in Maharashtra’s Jath region.

Suzlon Energy will supply 48 S120 wind turbine generators with hybrid lattice towers (HLT), each rated at a 2.1 MW capacity. It will also oversee the equipment installation and execute the project, including erecting and commissioning, and providing operations and maintenance services post commissioning, the company said.
“Adopting wind energy by large corporations is imperative for achieving India’s 500 GW non-fossil fuel target by 2030. Increasingly, independent power producers (IPPs) are recognising wind’s potential to make power more accessible, affordable and high quality. This transition not only supports our energy goals but also drives sustainable economic growth and innovation across the industry,” JP Chalasani, Suzlon Group’s CEO, said.

Sunsure Energy’s co-founder and COO Manish Mehta said the project diversifies the company’s renewables portfolio and marks a key milestone in its journey to reach 10 GW capacity by 2030.

Suzlon Energy shares gained 2.4% to hit an intraday high of ₹55.65 apiece on Thursday, April 17. The stock has declined 24.34% in the last six months.

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