Shares of Suzlon Energy Ltd. rose by 2% to reach a day’s high of Rs 77.28 on September 9th, following the company’s announcement of winning India’s largest renewable energy order, with a capacity of 1,166 MW from NTPC Green Energy Ltd.

According to the company’s exchange filing, this is India’s largest wind energy order. The company will install 370 wind turbine generators (WTGs) of the S144 model, each with a rated capacity of 3.15 MW, at two NTPC Renewable Energy projects and one IndianOil NTPC Green Energy Pvt. Ltd. project in Gujarat.

This new order increases Suzlon’s total cumulative order book to nearly 5 GW, its largest-ever size. Girish Tanti, Vice Chairman of Suzlon Group, noted that this is Suzlon’s first direct wind energy order from NGEL, marking its return to the PSU customer segment.

Suzlon Group CEO JP Chalasani stated that while this is India’s largest wind energy order, it is the first of many future projects between the two conglomerates. The company will supply, install, and commission the wind turbines in Gujarat and provide operations and maintenance services after commissioning.

The company’s CFO, Himanshu Mody, stated on September 5th that the company does not plan to monetise any additional non-core assets. The company’s market capitalisation stands at Rs 103,013 crore.

At 11:56 AM, the shares of Suzlon Energy were trading 1.04% higher at Rs 75.50 on NSE.

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