Suzlon Energy shares jump 3% after winning 248.85 MW wind power order from ArcelorMittal
On January 28, 2026, Suzlon Energy saw its share price rise by more than 3 % after a big business win. The company announced that it had secured a 248.85 MW wind power order from the ArcelorMittal Group in India. This order is part of a larger 550 MW hybrid renewable energy project in Gujarat. It will help power ArcelorMittal Nippon Steel’s facilities with clean wind energy.
Investors reacted quickly. They bought shares, and the stock jumped in early trading. The deal marks Suzlon’s first major contract with ArcelorMittal and strengthens its role in the industrial renewable space.
For a company focused on wind power, this is a big step. It comes at a time when industries are shifting toward low‑carbon energy. This move also adds to Suzlon’s growing portfolio of clean power projects.
The ArcelorMittal Deal: What It Means for Suzlon Energy
Suzlon Energy’s 248.85 MW wind power order from the ArcelorMittal Group represents more than a routine contract win. Announced on January 28, 2026, this order is Suzlon’s first from ArcelorMittal and a major step in its industrial renewable portfolio.
The wind capacity will be installed in the Bachau region of Gujarat as part of a 550 MW hybrid renewable power project. Suzlon is tasked with supplying 79 S144 wind turbine generators, each rated at 3.15 MW, showing confidence in its modern turbine technology.
This project is designed for captive use at ArcelorMittal Nippon Steel’s facilities, meaning the wind power generated will directly serve the company’s own energy needs. This helps the steelmaker lower its dependency on fossil fuels and reduce carbon emissions.
This order is also Suzlon’s fourth wind contract linked to decarbonising steel production in India. It significantly boosts the company’s role in supporting heavy industry shifts toward clean energy.
Stock Market Reaction: Why Suzlon Shares Climbed
On January 28, 2026, Suzlon’s stock rose over 3 % in intraday trade following the announcement with shares touching approximately ₹47.40 on the NSE.
Investors responded positively because this order strengthens Suzlon’s order book in a sector that is gaining global focus. Renewable contracts tied to large industrial players like ArcelorMittal tend to signal reliability and long-term demand.
Technical indicators also suggested potential stock rebound opportunities for traders on that day, with some momentum signals pointing to oversold conditions before the news.
Strategic Importance for Suzlon
This ArcelorMittal contract is not just another order; it deepens Suzlon’s presence in industrial decarbonisation. Over the past year, Suzlon has secured multiple wind power deals aimed at cutting carbon emissions in the steel sector.
The company’s installed wind capacity in Gujarat now stands at around 4.5 GW making it one of the largest players in the state’s renewable market.
Girish Tanti, Vice Chairman of Suzlon Group, commented that renewable energy solutions are rapidly becoming cost-competitive for heavy industries such as steel. This trend helps thrust firms like Suzlon into the core of India’s clean energy transition.
Additionally, Suzlon’s management has highlighted plans to grow its EPC (Engineering, Procurement & Construction) business to nearly half its total order book in the coming years. This broader project involvement could improve execution margins and long-term profitability.
Suzlon Energy & India’s Green Steel Policy
The steel industry is historically carbon intensive, relying heavily on fossil fuels. Contracts like the one with ArcelorMittal show a clear shift toward cleaner energy sources for industrial power needs.
Hybrid renewable projects which combine wind, solar, and sometimes storage, are increasingly attractive to large manufacturers. They provide steady, reliable power while cutting carbon footprints and stabilising energy costs.
India’s renewable policies and decarbonisation targets also play a role. The government has set ambitious goals to expand non‑fossil fuel power capacity as part of its commitment to international climate targets. Large renewable contracts help meet these goals.
Suzlon Energy Stock Outlook for Investors
For investors, Suzlon’s latest order win suggests growing demand for renewable energy from heavy industries. Wind power contracts linked to big names like ArcelorMittal may signal future growth potential.
Still, renewable stocks can move sharply on news and broader market trends. Short‑term rallies may follow big announcements, but overall performance will depend on execution of orders and long‑term renewables demand.
Overall, Suzlon’s continued success in securing industrial wind contracts contributes to its narrative as a key player in India’s energy transition.
Final Words
Suzlon Energy’s 248.85 MW ArcelorMittal order on January 28, 2026 highlights its growing role in India’s renewable shift. The deal strengthens industrial decarbonisation, boosts investor confidence, and showcases Suzlon’s leadership in wind energy. Effective execution will be key for long-term growth and stock performance.
Frequently Asked Questions (FAQs)
On January 28, 2026, Suzlon Energy won a 248.85 MW wind power order from ArcelorMittal. It will supply clean energy to steel plants in Gujarat, supporting renewable growth in India.
Suzlon shares rose about 3 % on January 28, 2026, after the order. Investors reacted positively, seeing it as a sign of strong future business and renewable energy demand.
The order helps ArcelorMittal use renewable wind energy in steel production. It supports India’s green steel goals and shows growth in clean energy adoption by heavy industries.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
