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Home/Basics of Stock Market/Stocks/Market Insights/Suzlon Energy Shares Gains 4% Following Jindal Renewables’ 204.75 MW Order

Suzlon Energy Shares Gains 4% Following Jindal Renewables’ 204.75 MW Order

Created March 4, 2025
Author Bhumish Seth
Category Stocks, Market Insights
Reading Time: < 1 minutes

Market Update

On March 4, 2025, shares of Suzlon Energy gained nearly 3% during morning trading sessions, even as broader market indices were under pressure. Despite the S&P BSE Sensex falling by over 200 points, Suzlon shares outperformed, driven by positive developments in its order book.

Stock Movement

Opening Price: ₹48.90 (slightly below the previous close of ₹49.71)
Intraday High: ₹50.98 (reflecting gains of approximately 3%)
Market Trend: Gains achieved despite overall market weakness

Key Announcement

Suzlon Energy announced that it has secured a new order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables. This latest deal further supports the advancement of low-carbon dioxide steel production in India. With this addition, Suzlon's total capacity from its partnership with Jindal has now reached 907.20 MW, making it the company's most significant Commercial & Industrial (C&I) date order.

Previously, Suzlon had received two orders to supply wind power for Jindal Steel’s facilities in Chhattisgarh and Odisha, contributing a combined capacity of 702.45 MW.

Currently, C&I customers represent 59% of Suzlon Energy’s total order book, which has now reached an all-time high of 5.9 GW, marking the largest in the company's history.

Summary

In summary, Suzlon Energy's share price showed resilience on March 4, 2025, supported by the news of a significant 204.75 MW order win from Jindal Renewables despite broader market declines. This development underscores the company's steady momentum in the renewable energy and ongoing efforts to enhance its market share within the C&I segment.

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