Suzlon Energy shares gain after another 100 MW repeat order from GAIL

Shares of Suzlon Energy Ltd. gained as much as 2% on Tuesday, March 24, after the company bagged its sixth repeat order of close to 100 MW from GAIL.

In an exchange filing, Suzlon Energy said that this the fourth PSU order that the company has won in financial year 2026, and that the power generated from this project will support the decarbonization of GAIL's upcoming petrochemical plant in Nandurbar in Maharashtra.

Scope Of The Order

As per this order, Suzlon Energy will install 47 state-of-the-art S120 wind turbine generators, each having a 2.1 MW capacity for this project. Not only will it supply wind turbines, oversee equipment installation, and execute the project, including erection and commissioning, but it will also provide operations and maintenance services after commissioning.

The earlier orders from GAIL were in Tamil Nadu, Karnataka and Gujarat.

Suzlon Energy has a 2.2 GW worth of installed capacity in the state of Maharashtra, in which, it has market share of close to 38%.

"Two years ago, we re-entered the PSU segment, starting with a 1.1 GW order from NTPC Ltd. Today, PSU and C&I constitute of over 64% of our orderbook and we are working with all the leading PSUs and C&Is in the country," Ajay Kapur, CEO of the Suzlon Group said.

Renewable Energy Push

Suzlon Energy is one of India's largest renewable energy solutions provider, with an installed base of 15.5 GW of assets and an additional 6 GW installed outside India.

Shares of Suzlon Energy are trading 1.8% higher on Tuesday after the announcement at ₹40.67. The stock is down 8% over the last one month and has corrected 22.5% so far in 2026.