Stock Under Rs 60: Renewable Energy Company Secures 400 MW EPC Order From Tata Power; Partnership Crosses 1 GW Milestone

On Thursday, Indian benchmark indices opened higher, with the Nifty 50 rising 164.95 points, or 0.69 per cent, to 24,186.60. Amid the positive market sentiment, Suzlon Energy share price traded marginally lower by 0.02 per cent at Rs 57.90 during the session.

Suzlon Wins 400 MW EPC Order

Suzlon Energy Limited has secured a 400 MW Engineering, Procurement and Construction (EPC) order from Tata Power Renewable Energy Limited (TPREL). The latest contract marks the fourth order received from Tata Power Renewable Energy in less than 12 months and takes the cumulative partnership between the two companies to over 1 GW across Karnataka, Maharashtra, Tamil Nadu and Andhra Pradesh.

The project will be executed in the Anantapur district of Andhra Pradesh under Suzlon's newly launched DevCo business model.
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Suzlon Group Project Scope

As part of the contract, Suzlon will supply 127 units of its flagship S144 wind turbine generators, each with a rated capacity of 3.15 MW. The company will also execute the complete EPC scope, including land acquisition, turbine supply, Balance of Plant (BoP), Pooling Substation (PSS), Extra High Voltage (EHV) transmission line, commissioning and long-term operations and maintenance services.

With this order, Suzlon's Order Book in Andhra Pradesh has reached nearly 1 GW, while the company currently has an installed wind energy capacity of 1.8 GW in the state, accounting for 28.44 per cent of its installed base in South India.

Management Commentary

Commenting on the development, Girish Tanti, Vice Chairman, Suzlon Group, said: "Tata Power operates one of India's largest renewable energy portfolios, and we are proud to have surpassed 1 GW in cumulative orders with them across four states. Over the past two decades, our partnership has evolved from individual projects to advanced hybrid and round-the-clock renewable energy solutions that support India's energy transition. As an EPC project under the DevCo model, this order demonstrates how integrated development and execution can accelerate renewable energy deployment."

Ajay Kapur, Chief Executive Officer, Suzlon Group, added: "As customers seek execution certainty, EPC is emerging as the preferred model for renewable energy deployment. Suzlon's proven end-to-end execution enables customers to de-risk projects and scale with confidence. We believe this integrated delivery model will play a critical role in accelerating India's next phase of renewable energy growth."

About Suzlon

Suzlon Group is one of India's leading renewable energy solutions providers with over 21.7 GW of installed wind energy capacity across 17 countries. The company operates across renewable energy technology, project development, EPC services and asset management, with businesses spanning wind, Solar and energy storage solutions.

Headquartered in Pune, Suzlon continues to expand its renewable energy footprint through its Suzlon 2.0 strategy and DevCo-led business model, partnering with utilities, independent power producers and commercial & industrial customers to accelerate India's clean energy transition.

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Disclaimer: The article is for informational purposes only and not investment advice.