Suzlon Energy Shares Surge 3% on Major 248 MW Wind Order from ArcelorMittal

• Suzlon Energy shares gained over 3% after securing a 248.85 MW wind energy order from ArcelorMittal Group.
• This marks Suzlon's first order from ArcelorMittal and its fourth Green Steel project win in the past year.
• The project involves supplying 79 S144 WTGs (3.15 MW each) for captive use at ArcelorMittal Nippon Steel facilities in India.
• The wind energy project will be executed in Gujarat's Bachau region, increasing Suzlon's installed capacity in Gujarat to 4.5 GW.
• Suzlon aims to boost its EPC business to 50% of its total order book, expecting it to drive future order wins.

Why It Matters: Suzlon Energy's shares rose significantly after winning a substantial wind energy order from ArcelorMittal.