Suzlon wins 248.5 MW wind order from ArcelorMittal for Gujarat project

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Price reactionminutes from the announcement price · days from the prior close

+3.9%Reaction day

₹46.18

prior close

₹46.01

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.6%+2.3% vs market

Heavy Electrical Equipment peers, median of 30sector+4.3%-0.4% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Midcap 150 and 0.4 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Reaction day

+3.9+1.6+2.3+4.3-0.4

Next day

+3.0+1.7+1.2+4.3-1.4

+3.2+1.8+1.5+5.6-2.3

+2.3+0.6+1.6+5.5-3.3

+6.7+3.6+3.1+11.2-4.5

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+24.1+5.2+18.9+42.1-18.0

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 30Pending

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AI summary

Suzlon secured its first-ever 248.85 MW wind energy order from ArcelorMittal for captive use at ArcelorMittal Nippon Steel facilities. The order covers 79 S144 wind turbines rated at 3.15 MW each, to be installed in Bachau, Gujarat, as part of a 550 MW hybrid project. This is Suzlon's fourth major order for green steel decarbonization, taking its total green steel contribution to about 1,156 MW. Management highlighted EPC as a strategic focus area, targeting 50% of overall order book from this segment going forward.

Likely market impact

Positive: First order from a global steel major validates Suzlon's position in industrial decarbonization and supports order inflow visibility.