New Delhi: The shares of renewable energy solutions provider Suzlon are in the news after the company bagged a 378 MW wind energy project from NTPC Green Energy and brokerage firm Motilal Oswal giving a Buy rating on Suzlon Energy with a target price of Rs 70 per equity share.
Suzlon Energy shares, the hot favourite of the retail investors, were trading at Rs 59.94 apiece on at 1:25 pm on April 23, 2025.
With the new deal, Suzlon consolidated its largest partnership with NTPC Green Energy Ltd (NGEL) to 1,544 MW, with a recent award of a 378 MW wind energy project. In 2024, Suzlon bagged India’s largest Wind Energy order of 1,166 MW from NTPC Green Energy Limited.
Wind Energy Order.
The project included installation of a total of 370 wind turbine generators (WTGs) of S144 equipped with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at two projects of NTPC Renewable Energy Limited (a wholly owned subsidiary of NGEL) and one project of IndianOil NTPC Green Energy Pvt. Ltd. (A group company of NGEL) in the state of Gujarat.
As per the new deal with NTPC Green Energy, renewable energy solutions provider is tasked to supply 120 S144 Wind Turbine Generators (WTG) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW.
Commenting on the deal with NTPC Green Energy, Girish Tanti, Vice Chairman, Suzlon Group, said, “We are honored to be a strategic partner in NTPC’s ambitious vision to accelerate India’s clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India’s largest PSU’s renewable journey by providing high-quality, affordable power. From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing India’s leadership in the global clean energy movement continues.”
Last week, Suzlon Energy secured a 100.8 MW EPC wind power order from Sunsure Energy, marking their maiden foray into wind energy. The project is located in Maharashtra’s Jath region.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
Suzlon share price target: Motilal Oswal recommended buying shares of Suzlon Energy with a target price of Rs 70 per equity share. Suzlon has bagged 378 MW wind energy project from NTPC Green Energy. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
