Shares of Suzlon Energy Ltd rallied 5% on 31 May after the company announced securing a wind energy project of around 82 megawatts (MW) from Oyster Green Hybrid One Pvt Ltd.

The company said in a statement that it would install 26 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW, at its facility in Agar, Madhya Pradesh.

The filing added, “Suzlon secured a new order of 81.9 MW for the 3 MW series from Oyster Green Hybrid One Private Limited.”

Suzlon has committed to supplying the wind turbines and managing the project, including its erection and commissioning. In-depth operations and maintenance services will also be offered by the company after commissioning.

Vivek Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, “The electricity generated from this project will target the C&I customer segment, creating a deeper penetration of renewable energy in India. We are committed to powering the industry with sustainable green energy to power their progress while meeting their net-zero ambitions.”

With 20.7 GW of wind generating capacity installed in 17 different countries, Pune-based Suzlon Group is one of the leading providers of renewable energy solutions worldwide.

At 3:20 pm, the shares of Suzlon were trading 4.96% higher at Rs 47.65 on NSE.