Suzlon Secures 248.85 MW Wind Order from ArcelorMittal for Green Steel Production
Suzlon Group secured a 248.85 MW wind energy order from ArcelorMittal Group for captive use at their Indian steel facilities. This is Suzlon's fourth order for green steel decarbonization, totaling 1,156 MW. The project in Gujarat involves supplying 79 S144 WTGs.
Securing a substantial order of 248.85 MW from a major global player like ArcelorMittal is a significant development that will likely impact Suzlon's order book, revenue, and market position positively.
The announcement details a significant new order win for Suzlon, indicating business growth and successful partnerships in the renewable energy sector, which is positive for the company.
Suzlon Group has announced securing a 248.85 MW wind energy order from the ArcelorMittal Group, through its Indian renewable energy entity. This significant order is part of a larger 550 MW hybrid project in Gujarat, specifically for captive use by ArcelorMittal Nippon Steel facilities in India.
This marks Suzlon's fourth major wind order this year aimed at decarbonizing steel production, bringing their total contribution to approximately 1,156 MW for green steel capacity in India. The order involves supplying 79 units of S144 Wind Turbine Generators (WTGs), each with a rated capacity of 3.15 MW. The project will be executed in Bachau, Gujarat. Suzlon continues to strengthen its position in Gujarat, boasting an installed capacity base of 4.5 GW.
Girish Tanti, Vice Chairman of Suzlon Group, expressed pride in partnering with ArcelorMittal, emphasizing the critical role of renewable energy in the steel sector's decarbonization journey. JP Chalasani, CEO of Suzlon Group, welcomed ArcelorMittal as a partner and highlighted Suzlon's strategic focus on the EPC segment, aiming to increase its share in the order book. Amit Harlalka, Director at ArcelorMittal Sustainable Solutions India, underscored Suzlon's reliability and their shared vision for accelerating green steel production and building a sustainable future.
What to do with a filing like this
Suzlon Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Suzlon Energy Limited. Read the original for the full detail.