Wind power major Suzlon Energy on Tuesday said it has bagged a Rs 1,149-crore order from Kolkata-based engineering firm Techno Electric Group.
The 202-megawatt (Mw) order is part of Techno Electric Group's agreement with Suzlon for developing 500 Mw of new capacity. It is the single-largest deal signed by an independent power producer (IPP) in the wind power sector, Suzlon said in a filing to the Bombay Stock Exchange.
"The Techno Electric Group are revered customers and we have very successful projects with them. This order stands testament to a new phase of IPP investments in wind," Suzlon Energy CMD, Tulsi R Tanti, said.
The order will be executed in two phases - the first phase of 101.4 Mw will be commissioned in Tamil Nadu by June 2011 and the second of 100.8 Mw by December 2011, the filing added.
Suzlon has a market share of about 50 per cent in the wind power sector in India.
Buoyed by the new order, shares of the company rose 2.29 per cent to hit a month-high of Rs 57.85 on the BSE.