The project will comprise of 266 of Suzlon’s S144 wind turbines, each with a rated capacity of 3.15 MW. The 838 MW will be split across Karnataka (302 MW), Maharashtra (271 MW) and Tamil Nadu (265 MW).
This is Suzlon Energy’s second largest order till date, following the 1,544 MW order that it won from NTPC Green Energy earlier. This is also the company’s third order with Tata Power.”The fact that Suzlon continues to be their (Tata Power RE) partner of choice reflects our ability to align with this vision through proven, ‘Made in India’ innovation and execution excellence,” Suzlon Group CEO JP Chalasani said.
In an interaction with CNBC-TV18 last month, Chalasani highlighted that the company is in the process of appointing a new CFO. This, after Himanshu Mody quit after four years of being at the post.
Chalasani reiterated that the block deal in which promoters sold some stake was primarily for cash generation, and that their long-term commitment to the business remains unchanged.
Shares of Suzlon Energy are up 2% after the order win on Tuesday, and are now trading at ₹59.25. The stock is still down 10% on a year-to-date basis.
