The company has already installed the first prototype of this series at a hub height of 160m with a Hybrid Lattice Tubular (HLT) tower at the Gondal site in Gujarat. Currently the product is in the process of serial manufacturing and commercialization.

JP Chalasani, chief executive officer, suzlon group, said, “This listing comes at the right time after our s144 product received enthusiastic response from the market, evident from the strong order inflow. Transformation toward more energy-efficient products is driving the Indian wind energy market.

It is imperative for us to offer technologically advanced products that are best suited for sites in india, ensuring a higher return on investment (ROI) for our customers. considering India's varied wind regimes and terrains, the s144 turbine is designed to make it customizable for the site-specific requirements for higher plfs (plant load factor). The s144 – 3 mw series is a true testament to 'make in india' and 'aatmanirbhar bharat' with 90% domestic content. We believe that this product will go a long way in driving India’s renewable energy targets towards a more sustainable country.”

Further he said, “Our comprehensive product portfolio, led by dual star products; the proven and successful s120 – 2.1 mw and the new s144 – 3‐3.15 mw product series of larger wind turbines offer solutions for all Indian wind regimes and sites with an aim to increase generation and reduce LCoe (levelized cost of energy).”

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 78.1%YoY to Rs 102.29 crore in Q2 FY24. Net sales declined marginally to Rs 1,417.21 crore in Q2 FY24 as compared with Rs 1,417.21 crore posted in Q2 FY23.

The scrip hit a 52 week high at Rs 42 in intraday today.