Suzlon Energy secures first order from Oyester Green

1 Jun 2024 , 03:06 PM

Oyester Green Hybrid One Pvt. Ltd. has placed its first order with Suzlon Energy Ltd, said the company in an exchange filing. The company further stated that 26 wind turbines with a 3.15 MW rated capacity each are to be supplied under the order.

The plant, with a total capacity of 81.9 MW, will be installed in Agar, Madhya Pradesh.

The project’s electricity will be used under a captive project in addition to being supplied to commercial and industrial establishments.

According to Suzlon, a project of this magnitude may reduce 2.66 lakh tonnes of carbon dioxide emissions annually and supply electricity to around 67,0000 families.

The larger 3.15 MW S144-140 turbines from Suzlon’s 3 MW series constitute the order. After commissioning, Suzlon will also be in charge of operations and maintenance services.

In the previous ten days, Suzlon has received three orders. When the company obtained 402 MW from Juniper Green Energy on May 22, it secured its first order in over two months.

Suzlon completed 710 MW of deliveries for the 2024 fiscal year. Even though it still makes up a sizable portion of the company, operations and maintenance will lose ground to the manufacturing division as it expands.

Suzlon Group CFO Himanshu Mody stated that the firm is actively negotiating with potential clients for substantial orders, but he did not quantify the company’s order book.

Suzlon Group employs over 6,200 people in a varied workforce and has over 29 years of operational experience. With a portfolio of more than 14.7 GW in wind energy assets, Suzlon is also India’s top provider of wind energy services. Outside of India, the Group has an installed capacity of about 6 GW.

At around 2.31 PM, Suzlon Energy was trading 3.41% higher at ₹46.95, against the previous close of ₹45.40 on NSE. The counter touched an intraday high and low of ₹47, and ₹44.30, respectively.

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