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Suzlon Energy shares rose on Friday after the company announced a new 381 MW order from Zelestra India and its affiliates.
Suzlon makes and installs wind turbines. It has over 21 GW of wind energy capacity in 17 countries and runs R&D and factories across India and Europe.
The deets: the company will install 127 wind turbines across Maharashtra, Madhya Pradesh, and Tamil Nadu.
Why it matters: the deal reinforces a three-decade-long partnership between L&T and Hindustan Zinc, with L&T having previously led several expansion projects at the smelter. It also adds to Suzlon’s robust order book; earlier this year, the company secured a 378 MW order from NTPC Green Energy, taking its total partnership with the PSU to 1,544 MW.
