Suzlon Energy Rises 3% on 100 MW Repeat Order from GAIL

Shares of Suzlon Energy Ltd surged 3% to hit a day’s high of Rs 41.30 on 24th March after the company announced it had secured its sixth repeat order of nearly 100 MW from GAIL.

Suzlon Energy Ltd said this is its fourth PSU order in FY26. The project will help decarbonise GAIL’s upcoming petrochemical plant in Nandurbar.

Under the deal, Suzlon will install 47 S120 wind turbine generators. Each has a capacity of 2.1 MW for the project.

The company will handle the full project lifecycle—supplying turbines, installing them, and executing the project. It will also provide post-commissioning operations and maintenance services.

Earlier orders from GAIL were spread across Tamil Nadu, Karnataka, and Gujarat.

Suzlon currently has an installed capacity of 2.2 GW in Maharashtra, with a market share of around 38%.

According to CEO Ajay Kapur, PSU and commercial & industrial (C&I) clients now make up over 64% of the company’s order book. This highlights its growing presence in the segment.

At 1:07 PM, shares of Suzlon Energy were trading 2.78% higher at Rs 41.05 on the NSE.

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