Big win for Suzlon! Shares of Suzlon Energy surged nearly 6% to ₹65.36 after the company bagged a 381 MW wind energy order from Zelestra India—marking Zelestra’s first FDRE (Firm and Dispatchable Renewable Energy) project in India
Project Highlights:
- 127 units of Suzlon’s advanced S144 turbines (each rated at 3 MW)
- Spread across:
- Maharashtra: 180 MW
- Madhya Pradesh: 180 MW
- Tamil Nadu: 21 MW
- Maharashtra & MP projects support SJVN’s FDRE bids
- Tamil Nadu portion will serve Commercial & Industrial (C&I) consumer
Trading volume spiked to 3.2x its 30-day average,Analysts remain bullish with a 12-month target of ₹77, implying a ~20% upside.