Stock Market Today:Suzlon’s share price gained 2% in the morning trade on Tuesday, amid strong sentiment in the Indian stock market, following the renewable energy company’s announcement of securing its largest order for FY 2025-26 (FY26).
Suzlon Energy share price jumped to the day’s high of ₹59.29 apiece, as against its last closing price of ₹58.07 on the BSE.
The stock, though down 31% in a year, has delivered multibagger returns over the last few years. Suzlon shares have jumped 140% in two years, 602% in three years and a massive 1850% in five years.
Suzlon Energy order win details
Suzlon Energy earlier today announced its largest order win for FY26 so far. The 838 MW order obtained by Suzlon Energy is from Tata Power Renewable Energy.
As part of its Firm and Dispatchable Renewable Energy (FDRE) project, Suzlon Energy said it has received its highest order of 838 MW for FY26 with Tata Power Renewable Energy Limited (TPREL), one of India’s major renewable energy companies.
This is also Suzlon’s second-largest order to date, after NTPC Green Energy’s 1,544 MW order, and it shows how FDRE projects are becoming increasingly important in hastening India’s energy transition.
“The 838 MW project will comprise 266 of Suzlon’s S144 wind turbines, each with a rated capacity of 3.15 MW, strategically located across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW). The project is part of the FDRE bids awarded to SJVN and NTPC, as per a press release shared by Suzlon Energy.
FDRE wind-dominant systems are emerging as a game-changing way to meet India’s clean energy ambitions as the country speeds up its transition to 24/7, grid-stable renewable power.
This collaboration highlights the synergy between Suzlon’s next-generation technology and Tata Power’s vision for scalable, grid-integrated clean energy, showcasing the power of “Made in India” innovation to deliver reliable and efficient power solutions, stated Suzlon.
Girish Tanti, Vice Chairman, Suzlon Group, in a statement said, “As Tata Power Renewable Energy embarks on a strategic transformation to achieve 100% clean power by 2045, we’re proud to support this ambitious journey with our advanced, ‘Made in India’ wind technology.”
“Our partnership, spanning over a decade and marked by the third repeat order, underscores our shared commitment to India’s energy transition. We share a deep-rooted vision of creating innovative energy solutions that are not only reliable and cost-efficient but also designed to seamlessly integrate with India’s One Grid system.” added Tanti