Shares of Suzlon Energy Ltd. fell by 1.5% after reaching a day’s high of Rs 77.89 on 10th October, despite the firm announcing that it has won a 400 MW captive wind power deal to lead the decarbonisation of steel production, as stated in an exchange filing. The company received the order from Jindal Renewables Power.

The new order has increased the firm’s cumulative order book to nearly 5.4 GW.

According to Suzlon Energy, this project marks the first wind energy initiative for the Jindal Group’s renewable energy division.

The filing stated that this milestone order is the largest commercial and industrial (C&I) win in the industry, reinforcing Suzlon’s market leadership and supporting India’s clean energy transition.

Suzlon will supply 127 advanced wind turbine generators (WTGs) equipped with Hybrid Lattice Tubular (HLT) towers, each with a rated capacity of 3.15 MW, to be installed in the Koppal region of Karnataka.

The power generated will be used for captive consumption in steel plants in Chhattisgarh and Odisha, enhancing their operational sustainability and supporting India’s green energy goals.

Girish Tanti, Vice Chairman of the Suzlon Group, stated that this collaboration redefines industrial sustainability and aligns with India’s 2070 net-zero vision.

Bharat Saxena, President of Jindal Renewables, mentioned that the partnership is a significant step towards integrating green energy into steelmaking, reducing the group’s carbon footprint and ensuring long-term sustainability.

This collaboration marks the beginning of a new era in sustainable steel production, helping the group achieve its net-zero commitment by 2047.

At 12:48 PM, the shares of Suzlon Energy were trading 1.49% lower at Rs 75.55 on NSE.

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