Suzlon Bags 838 MW Order from Tata Power Renewable Energy, Its Largest Deal in FY26

Mumbai, 16 September 2025: Suzlon Energy Ltd (NSE: SUZLON, BSE: 532667) announced today that it has secured an 838 MW order from Tata Power Renewable Energy Ltd (TPREL), making it the company’s largest order in FY26 and its second-largest in history. This significant project underscores Suzlon’s role in advancing India’s renewable energy transition while deepening its strategic partnership with Tata Power.

Suzlon Secures 838 MW with 266 Wind Turbines Across Three States

The contract involves the supply of 266 units of S144 Wind Turbines, each with a capacity of 3.15 MW, to be deployed across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW). The project will contribute to Firm and Dispatchable Renewable Energy (FDRE) initiatives, designed to ensure round-the-clock clean power availability.

This deal represents Suzlon’s third repeat order with Tata Power Renewable Energy, further cementing its reputation as a trusted partner in India’s clean energy growth.

Largest FY26 Order Strengthens Suzlon’s Growth Trajectory

Securing this 838 MW order provides Suzlon with strong momentum in FY26, as it consolidates its leadership in the Indian wind energy market. It is the company’s largest order of the financial year and reinforces its position as a key enabler of India’s renewable energy capacity expansion.

The scale of the order also highlights the growing preference of leading energy players for indigenous wind solutions, aligning with India’s ambition of becoming self-reliant in renewable technologies.

Tata Power’s Net-Zero Push Drives the Deal

The latest deal is driven by Tata Power Renewable Energy’s strategy to achieve 100% clean power by 2045. This transition requires large-scale deployment of reliable renewable energy solutions. Suzlon’s proven track record, advanced turbine technology, and cost-competitive offerings made it the preferred choice.

As global and domestic energy players accelerate their decarbonisation roadmaps, such mega-orders signal the rising demand for dispatchable renewable solutions, which can offer consistent and reliable power supply comparable to conventional energy sources.

Management Insights Highlight Shared Vision for Clean Energy

Girish Tanti, Vice Chairman, Suzlon Group, remarked:

“As Tata Power Renewable Energy embarks on its strategic transformation to achieve 100% clean power by 2045, we are proud to support this journey with our advanced, ‘Made in India’ wind technology. This collaboration reflects our shared vision for India’s energy transition.”

JP Chalasani, CEO, Suzlon Group, added:

“TPREL is a discerning partner with high standards of technology and execution. Their confidence in Suzlon highlights our innovation and ability to deliver at scale.”

Suzlon Share Price Edges Higher as Order Announcement Boosts Sentiment

As of 11:23 AM IST today, Suzlon shares traded at ₹59.01, up ₹0.94 (1.62%) from the previous close. The share price opened at ₹58.30, touched an intraday high of ₹59.28, and a low of ₹58.29.

• Market Capitalisation: ₹80,910 crore
• Price-to-Earnings (P/E) Ratio: 38.56
• 52-Week Range: High of ₹85.85; Low of ₹46.15

Suzlon continues to remain a significant component of India’s mid-cap renewable energy sector, with robust trading volumes reflecting its prominence in the market.

Suzlon’s 838 MW order from Tata Power Renewable Energy highlights the scale of India’s clean energy commitments and the growing importance of firm, dispatchable renewable solutions. The deal strengthens Suzlon’s industry position while underlining the accelerating pace of large-scale renewable adoption in India’s energy sector.

REF: https://nsearchives.nseindia.com/corporate/SUZLON1_16092025091222_Suzlon16092025.pdf

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