Suzlon secures 486 MW wind turbine order from Torrent Power: Here's how two stocks are performing

Renewable energy solutions provider Suzlon Group on Friday bagged an order from power company Torrent Power to supply 162 wind turbines with a total capacity of 486 megawatts (MW).

In an exchange filing, Suzlon Group said that the company, and Torrent Power have achieved a milestone of 1 gigawatt (GW) of wind energy in India with a new 486 MW hybrid order.

Under the deal, Suzlon will supply 162 state‐of‐the‐art S144 wind turbine generators (WTGs) with hybrid lattice towers (HLT), each rated at 3 MW capacity, in Gujarat's Bhogat region.

Suzlon said that this is the fifth landmark order from Torrent Power.

Here's how Suzlon Energy and Torrent Power shares are performing

JP Chalasani, Chief Executive Officer, Suzlon Group, said that the success of the S144 wind turbine, which is known for its ability to provide optimal performance even in lower-wind conditions, is the key driver of the collaboration with Torrent Power.

Girish Tanti, Vice Chairman, Suzlon Group, said, "We are proud to partner with Torrent, a pioneer in integrating renewables into their energy portfolio. Our decade‐long collaboration has reached a remarkable milestone ‐ 1 GW of cumulative orders across Gujarat and Karnataka. Built on trust, innovation, and a shared vision, this partnership has leveraged advanced technologies to deliver quality power to nearly 1 million households. Together, we remain committed to driving India's energy transition and building a sustainable future."

Last month, Suzlon and Jindal Renewables' subsidiary JSP Green Wind 1 Pvt Ltd expanded their collaboration with an additional 302.4 MW wind power project in Karnataka's Koppal region to boost India's green steel production. Before this order, Suzlon had secured a 400 MW wind power project with Jindal Renewables.