Shares of Suzlon Energy Ltd rallied 4% on 28 December after the company announced securing an order for a 300-megawatt wind energy project.

In its regulatory filing, the company said that it had received an order for a 300-megawatt wind energy project from Apraava Energy for installing 100 wind turbine generators along with a Hybrid Lattice Tubular (HLT) tower that has a rated capacity of 3 megawatts each at Apraava’s Karnataka site.

The company added, “Suzlon will also undertake comprehensive operations and maintenance services post‐commissioning.”

Girish Tanti, vice-chairman of the company, said, “Extremely encouraged by the conducive policy environment, the strong government will and enthusiastic industry response to renewables in the country.”

He added that Apraava had been a long-term partner and a repeat customer of the company, and they are delighted to partner with them again.

Suzlon Group Chief Executive Officer J P Chalasani said, “While the project itself is part of the SECI (tranche XIV) auction, the electricity generated from this project will be used to support Uttar Pradesh Power Corporation Ltd (UPPCL) to increase the reach of renewable energy in the country.”

Earlier last week, the company bagged a repeated order from the KP Group to develop a 193.2-megawatt wind power project, which is a part of the wind-solar hybrid and State Transmission Utility tariff-based project.

At 3:30 pm, the shares of Suzlon closed 2.97% higher at Rs 38.15 on NSE.