Suzlon Ltd. has bagged a 100 megawatt order from GAIL, marking its fourth order from PSU companies in this fiscal year, the company confirmed in an exchange filing.
This is also the sixth repeat order from GAIL, with Suzlon having previously won orders from the same company relating to projects in Gujarat, Tamil Nadu and Karnataka. This particular order relates to GAIL's upcoming petrochemical plant in Nandurbar, Maharashtra.
As part of the order, Suzlon will install 47 state-of-the-art S120 wind turbine generators (WTGs), each rated at a 2.1 MW capacity for this project, the company confirmed in a press note.
The operation will supply wind turbines, oversee equipment installation, and execute the project, including erection and commissioning, while providing comprehensive operations and maintenance services post-commissioning, it added.
" We are happy to continue our strong relationship with GAIL, a valued partner for over 15 years and sign our sixth order together. We have worked over the years in Gujarat, Tamil Nadu and Karnataka and are now extending this partnership with a maiden order in Maharashtra," said Ajay Kapur, Chief Executive Officer, Suzlon Group.
Suzlon shares have reacted positively to the news, with the stock trading with gains of more than 1.53%.
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