Suzlon Energy shares rise as company secures 378 MW wind energy project from NTPC Green Energy

This win strengthens Suzlon's undisputed market leadership and commitment to sustainable, large‐scale growth, the firm said in a statement to the stock exchanges.

Shares of Suzlon Energy were trading 0.64% higher at ₹59.65 apiece on the National Stock Exchange.   This order strengthens Suzlon's market leadership and its commitment to sustainable, large-scale growth, a company statement said.

“Securing major and high‐quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. It shows our ability to deliver reliable solutions while supporting India’s clean energy goals. This partnership strengthens our role as a trusted partner in India’s renewable energy journey,” said JP Chalasani, Chief Executive Officer,  Suzlon Group.

As part of this contract, Suzlon will supply 120 S144 Wind Turbine Generators (WTG) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW, and also undertake foundation, erection, and commissioning for the project and will provide maintenance and services.

"We are honored to be a strategic partner in NTPC's ambitious vision to accelerate India’s clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India’s largest PSU's renewable journey by providing high‐quality, affordable power,” said Girish Tanti, Vice Chairman, Suzlon Group.

Suzlon is accelerating renewable energy adoption among large corporations through Independent Power Producers (IPPs), supporting India's clean energy transition and the national goal of achieving 500 GW of non‐fossil fuel capacity by 2030.