Suzlon share price rose as much as 3% in the morning trade on Tuesday, owing to the company’s announcement of securing its largest order of this fiscal year of 838 MW with Tata Power Renewable Energy Limited (TPREL).

Shares of Suzlon opened at ₹58.30 on the NSE on Tuesday, and rose 2.7% to a high of ₹59.65, up from its previous close of ₹58.07. At the time of writing, on 11:33 AM, the stock was trading at ₹59.52.

“Our partnership, spanning over a decade and marked by the third repeat order, underscores our shared commitment to India's energy transition. We share a deep-rooted vision of creating innovative energy solutions that are not only reliable and cost-efficient but also designed to seamlessly integrate with India's One Grid system,” said Girish Tanti, Vice Chairman, Suzlon Group, in a statement.

This is Suzlon’s second-largest order to date, following the NTPC Green Energy order of 1,544 MW. As TPREL aims to achieve 100% clean power by 2045, this is its third order with Suzlon.

The project will be spread across three states including Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW).

The order has been received under the Firm and Dispatchable Renewable Energy (FDRE) project. Suzlon will supply 266 Made-in-India S144 wind turbine generators, each extendable up to 3.15 MW depending on site conditions. With hub heights ranging from 140 to 160 meters, the S144 is expected to be the tallest wind turbine in India.

According to Suzlon, the S144 delivers 40–43% more power than its previous S120 (2.1 MW) model, making it suitable for lower-wind sites.

“TPREL is a discerning partner that demands the highest standards of technology, reliability, and execution. They set benchmarks that push the entire industry forward, ensuring wind plays its rightful role in delivering round-the-clock, dispatchable clean power at scale,” said JP Chalasani, CEO, Suzlon Group, in a statement.