Suzlon Energy Soars on Major Wind Order from ArcelorMittal, Stock Jumps 2.7%
Pune, India – January 28, 2026 – Shares of Suzlon Energy Ltd (NSE: SUZLON) surged 2.71% in morning trading today, buoyed by a significant new order announcement that underscores the company’s growing dominance in India’s renewable energy sector, particularly in the critical area of industrial decarbonization.
The wind energy solutions provider announced it has secured its first 248.5 MW wind energy order from global steel giant ArcelorMittal. The order, part of a larger 550 MW hybrid project in Gujarat, is designated for the captive power needs of ArcelorMittal Nippon Steel’s facilities in India.
A Strategic Win for Green Steel
This contract marks a pivotal moment for Suzlon, representing its fourth major wind order aimed at decarbonizing steel production. With this win, the company is now powering approximately 1,156 MW of green steel capacity in India, positioning itself as a key enabler for one of the world’s most energy-intensive industries in its transition to sustainability.
“The steel sector is accelerating its journey toward decarbonization, and renewable energy has become a competitive and viable contributor,” said Girish Tanti, Vice Chairman of Suzlon Group. “We are proud to partner with ArcelorMittal and are committed to making this transition a reality.”
Market Reacts Positively
The market response was swift and positive. Suzlon’s stock price rose 1.24 INR to 47.03 INR following the announcement, reflecting investor confidence in the company’s strategic direction and execution capabilities. The order aligns with management’s stated goal of increasing the share of Engineering, Procurement, and Construction (EPC) projects to 50% of its overall order book.
JP Chalasani, CEO of Suzlon Group, highlighted the strategic importance: “This project reflects Suzlon’s strategic focus on the EPC segment… We expect EPC to drive an increasing share of our upcoming order wins.”
Strengthening a Legacy in Gujarat
The order further cements Suzlon’s leadership in Gujarat, where it is already the largest wind player with a 4.5 GW installed capacity base. The company’s 30-year track record and proven technology were cited by ArcelorMittal as key factors in the partnership decision.
Amit Harlalka, Director of ArcelorMittal Sustainable Solutions India, stated, “With a 30-year track record and demonstrated reliability in wind energy, Suzlon stands out as our preferred partner.”
Looking Ahead
Today’s announcement and corresponding stock uptick highlight a robust demand environment for renewable energy solutions from heavy industry. As India pushes forward with its ambitious climate goals, companies like Suzlon, with deep domestic expertise and a vertically integrated model, are well-positioned to capitalize on the green industrial revolution.
Analysts will be watching closely to see if this major contract acts as a catalyst for further orders, sustaining the momentum behind Suzlon’s stock in the coming quarters.
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