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The renewable energy company will install 24 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located in Karnataka and is expected to be commissioned in 2024.
According to the contract, Suzlon will supply the wind turbines (equipment supply) and execute the project including, erection and commissioning. It will also provide comprehensive operation, and maintenance services post commissioning.
JP Chalasani, CEO, Suzlon Group, said, "Our partnership with Sembcorp will assist Indian Railways to become a net‐zero carbon emitter by the end of this decade thereby contributing to a sustainable India.”
The Suzlon Group is one of the leading renewable energy solutions provider in the world with presence in 17 countries.
The company's consolidated net profit jumped 107.9% to Rs 78.36 crore in Q3 FY23 as against Rs 37.69 crore posted in Q3 FY22. However, revenue from operations fell 9.3% YoY to Rs 1,448.97 crore in the quarter ended 31 December 2022.
The scrip declined 0.61% to currently trade at Rs 8.12 on the BSE.
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