Suzlon Energy Share Price Jumps Over 3% After Securing Wind Power Order from ArcelorMittal

By Ventura Research Team 2 min Read Jan 28, 2026

Suzlon Energy Shares Jump 3% on ArcelorMittal Wind Order

The Suzlon Energy share price jumped over 3%, reacting to a significant move toward decarbonising India's heavy industry. The Suzlon Group announced on January 28, 2025, that it had secured its first-ever wind energy order from the ArcelorMittal Group. The contract, for a capacity of 248.85 MW, is a pivotal component of a larger 550 MW hybrid project located in Gujarat.

Project Details and Execution

The wind energy project will be executed in Bachau, Gujarat, where Suzlon already maintains a dominant presence with an installed capacity base of 4.5 GW. Under the terms of the agreement, Suzlon will supply 79 S144 Wind Turbine Generators (WTGs), each featuring a rated capacity of 3.15 MW.

The power generated from these turbines is intended for captive use by ArcelorMittal Nippon Steel facilities in India, directly supporting the transition to low-carbon manufacturing processes.

A Milestone for "Green Steel"

This contract represents Suzlon’s fourth major wind order for the steel sector within a single year. With the addition of this project, Suzlon now powers approximately 1,156 MW of green steel capacity across India.

The partnership highlights the role of renewable energy in reducing emissions within the steel sector, an industry that is vital to infrastructure development but also highly energy-intensive. Renewable energy is increasingly seen as a competitive and practical solution for supporting the sector’s decarbonisation efforts.

Industry Perspectives

Girish Tanti, Vice Chairman, Suzlon Group, added, “We are proud to partner with ArcelorMittal, one of the world’s most respected steel producers. Steel is the backbone of India’s infrastructure, yet it remains one of the most energy-intensive industries. As the sector accelerates its journey toward decarbonisation, renewable energy has become a competitive and viable contributor. At Suzlon, we are committed to making this transition a reality through strong partnerships and industry coalitions like the Indian Steel Green Council.”

JP Chalasani, Chief Executive Officer, Suzlon Group, stated, “We welcome Arcelor Mittal as a valued partner in India’s journey towards a low-carbon future. This project reflects Suzlon’s strategic focus on the EPC segment, where we aim to gradually increase its share to 50% of our overall order book. We expect EPC to drive an increasing share of our upcoming order wins."

Amit Harlalka, Director, ArcelorMittal Sustainable Solutions India, said, “We are committed to supporting energy transition and securing the supply of clean energy for our operations, a goal that demands trusted partners. With a 30-year track record and demonstrated reliability in wind energy, Suzlon stands out as our preferred partner. This partnership reflects our shared vision to accelerate green steel production and build a sustainable future for India.”

About the Suzlon Group

The Suzlon Group is India’s leading renewable energy solutions provider, with over 21 GW of wind energy capacity installed across 17 countries. Headquartered in Pune, the company is vertically integrated with R&D centers in India, Germany, Denmark, and the Netherlands. As of late 2025, the group employs a diverse workforce of over 8,300 people and manages an installed base of 15.4 GW in India alone.

Suzlon Energy share price climbed up to 3.5% on Wednesday, hitting an intraday high of ₹47.44 on the NSE, following the announcement of a 248.85 MW wind power order from the ArcelorMittal Group. As of 12:08 PM IST, the stock price was trading at ₹47.29 per share, up by 3.28%. In the last 6-month period, the share price of Suzlon Energy has declined by nearly 24%.