Suzlon Energy’s stock price surged over 4% on Wednesday following the announcement of its expanded collaboration with Jindal Renewables. This milestone includes an additional 302.4 MW wind power project in Karnataka’s Koppal region, reinforcing efforts to boost India’s green steel production. The stock climbed as much as 4.6% to ₹68.43 per share on the BSE, reflecting positive investor sentiment.
This new project brings the total wind energy capacity from Jindal Renewables to an impressive 702.4 MW, making it Suzlon’s largest-ever commercial and industrial (C&I) order from a single client. Just last month, Suzlon secured a 400 MW wind power project with Jindal Renewables in the same region, underscoring the strategic alignment between the two companies.
According to Suzlon’s official statement on December 4, C&I customers now contribute 56% of its record-breaking 5.4 GW order book — the largest in the company’s history. The project will feature 96 S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each boasting a 3.15 MW capacity.
The energy generated from these turbines will be used to power steel plants in Chhattisgarh and Odisha, advancing operational sustainability and supporting India’s transition to renewable energy.
Suzlon Energy’s Remarkable Stock Performance
Suzlon Energy’s shares have been a standout performer in the renewable energy sector. Over the past week, the stock has gained over 5%, while its six-month performance reflects a remarkable 41% growth. Year-to-date (YTD), Suzlon shares have delivered 74% returns. Over the past two years, the company has provided multibagger returns exceeding 600%, and an astonishing 3,100% return in five years.
Suzlon’s focus on renewable energy projects and its strong partnership with Jindal Renewables continue to drive its impressive growth, positioning the company as a leader in India’s green energy transition.
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