Suzlon Group has secured a significant 248.85 MW wind power order from ArcelorMittal Group to support the decarbonization of steel production in India. The project involves the installation of 79 units of Suzlon’s S144 wind turbine generators, each featuring a rated capacity of 3.15 MW, at a site in Bhachau, Gujarat. This initiative is a core component of a larger 550 MW hybrid energy project designed to provide captive power for ArcelorMittal Nippon Steel’s domestic facilities.
This contract represents Suzlon’s fourth major order within a single year, specifically aimed at the green steel sector, bringing the company’s total contribution to approximately 1,156 MW in this category. As India’s leading wind solutions provider, Suzlon now maintains an installed capacity base of 4.5 GW in Gujarat alone. By partnering with major steelmakers over the last 12 months, the group continues to play a central role in transitioning high-emission industrial manufacturing toward low-carbon energy sources.
About the Company
The Suzlon Group is a leading global renewable energy solutions provider, with 21+ GW of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India, the Group includes Suzlon Energy Limited (NSE: SUZLON, BSE: 532667) and its subsidiaries. A vertically integrated organisation, Suzlon has in-house R&D centres in Germany, the Netherlands, Denmark, and India, and world-class manufacturing facilities across India. With 30 years of operational excellence and a diverse workforce of 8,300+ employees, Suzlon is India’s No. 1 Renewable Energy Solutions company, having an installed base of 15.4 GW of assets and an additional ~6 GW installed outside India. Its portfolio includes the advanced 2.x MW and 3.x MW series of wind turbines.
Suzlon Energy Ltd is a mid-sized company in the power sector, listed on the Bombay Stock Exchange (BSE) & National Stock Exchange (NSE) with a market capitalisation surpassing Rs 60,000 crore. The company is also included in the BSE's Power Index, reflecting its focus on the power industry. The stock gave multibagger returns of 420 per cent in 3 years and a whopping 760 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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Wind energy company-Suzlon secures its first 248.5 MW wind order from ArcelorMittal