Suzlon Energy shares touched a day high of Rs 53.22 on Thursday, after bagging a fresh 201.6 MW wind power order from Waaree Group.

The order comes from Waaree Forever Energies, the independent power arm of the Waaree Group, and marks Waaree’s first ever move into wind energy. Until now, Waaree has been known mainly for solar.

Under the deal, Suzlon will supply and put up 64 of its S144 wind turbines at a site in Andhra Pradesh. Each turbine is rated at 3.15 MW, adding up to the full 201.6 MW capacity. Suzlon isn’t just supplying equipment either.

It will handle the whole job, from acquiring the land to installing the turbines, building supporting infrastructure, commissioning the site, and running maintenance for years afterward.

This win comes under what Suzlon calls its DevCo model, where one company manages a renewable project end to end instead of splitting the work across several vendors.

It’s the second such order Suzlon has landed in just a week, and it pushes the company’s total order book in Andhra Pradesh close to 1 GW.

Suzlon Group Vice Chairman Girish Tanti described the tie-up as two established players, Waaree in solar and Suzlon in wind, coming together as both companies move toward offering complete renewable energy solutions rather than standalone products.

Group CEO Ajay Kapur added that the back-to-back DevCo wins point to rising demand for partners who can manage execution risk at scale. The stock’s reaction has been choppy through the day.

Shares briefly traded higher right after the news broke, but had slipped back by the afternoon. At 15:20 pm, Suzlon was trading at Rs 52.35 on the NSE, down 1.25%, or Rs 0.64, from the previous close of Rs 53.01.

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