Order Win / EPC Contract
Suzlon Crosses 1 GW Partnership with Tata Power After Securing New 400 MW EPC Order
NSE
SUZLON
BSE
532667
Suzlon Energy Limited has secured a new 400 MW EPC wind energy project from Tata Power Renewable Energy Limited (TPREL). The repeat order takes the cumulative partnership between Suzlon and Tata Power beyond 1 GW across four states and marks the fourth order from TPREL within the last 12 months.
PRICE-SENSITIVE TRIGGER
Event: 400 MW EPC Wind Energy Order from Tata Power Renewable Energy Limited
Type: Order Win / EPC Contract
Impact: Positive
Immediate Effect:Â The order strengthens Suzlon’s EPC order book, expands its presence in Andhra Pradesh, and increases its cumulative partnership with Tata Power to over 1 GW.
Key Metrics:
- Order Capacity: 400 MW
- Wind Turbine Generators: 127 S144 turbines
- Rated Capacity per Turbine: 3.15 MW
- Cumulative Partnership with Tata Power: Over 1 GW
- Order Sequence: Fourth order from TPREL within 12 months
- Suzlon Order Book in Andhra Pradesh: Close to 1 GW
- Installed Base in Andhra Pradesh: 1.8 GW
- Share of South India Installed Base: 28.44%
Highlight:
- Cumulative Tata Power Partnership Crosses 1 GW
What Happened ?
Suzlon Energy Limited has received a new Engineering, Procurement and Construction (EPC) order from Tata Power Renewable Energy Limited (TPREL) for a 400 MW wind energy project.
The order has been awarded under Suzlon’s recently launched DevCo business model and represents the fourth order received from TPREL within the past year. With this project, Suzlon’s cumulative partnership with Tata Power now exceeds 1 GW across Karnataka, Maharashtra, Tamil Nadu and Andhra Pradesh.
The project will be executed in the Anantapur district of Andhra Pradesh, where Suzlon will supply, install and maintain 127 S144 wind turbine generators rated at 3.15 MW each.
Key Details
Project Details:
- New EPC contract awarded by Tata Power Renewable Energy Limited (TPREL).
- Project capacity is 400 MW.
- Order awarded under Suzlon’s DevCo-led business model.
- Suzlon will install 127 flagship S144 wind turbine generators.
- Each turbine has a rated capacity of 3.15 MW.
- Project location is Anantapur district, Andhra Pradesh.
- Suzlon’s EPC scope includes land acquisition support, turbine supply, Balance of Plant (BoP), Pooling Substation (PSS), Extra High Voltage (EHV) transmission line, commissioning and long-term operations & maintenance.
- The repeat order is the fourth from Tata Power Renewable within twelve months.
- Suzlon’s order book in Andhra Pradesh now approaches 1 GW.
Note:
- The company stated that the order reflects growing customer preference for integrated EPC execution under its DevCo strategy while strengthening its long-standing partnership with Tata Power.
Risk Analysis
Summary:
- Although the order enhances Suzlon’s execution pipeline and reinforces customer confidence, successful execution, commissioning timelines and project approvals remain important factors affecting revenue recognition.
Key Risks:
- Timely execution of EPC activities across multiple workstreams.
- Regulatory approvals and land-related clearances.
- Supply chain availability for turbines and balance-of-plant equipment.
- Weather-related construction delays.
- Revenue recognition depends on project execution milestones.
Worst Case:
- Delays in execution, regulatory approvals or commissioning could postpone project completion and defer revenue realization from the order.
Risk Level: Low
Company Commentary
- Suzlon stated that the latest order increases its cumulative partnership with Tata Power to over 1 GW across four Indian states.
- Vice Chairman Girish Tanti said the milestone demonstrates the evolution of the long-standing partnership into advanced renewable energy solutions supporting India’s energy transition.
- CEO Ajay Kapur stated that customers increasingly prefer EPC delivery models for execution certainty and that Suzlon’s integrated capabilities help customers de-risk projects while accelerating renewable energy deployment.
- The company highlighted that the project strengthens its leadership position in Andhra Pradesh, where its order book is approaching 1 GW.
Official Exchange Filing: Suzlon Energy Limited
