Suzlon Secures 204.75 MW Wind Energy Order from Jindal Green Wind 1

Suzlon Energy, a leading renewable energy solutions provider, has secured a 204.75 MW wind energy order from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables. This marks Suzlon’s largest commercial and industrial (C&I) order to date, with a cumulative capacity of 907.20 MW for Jindal Renewables.

Key Highlights of the Order

Here are the critical details of the new order:

• Capacity: 204.75 MW, generated using 65 state-of-the-art S144 wind turbine generators (WTGs).
• Turbine Specifications: Each WTG has a capacity of 3.15 MW and features Hybrid Lattice Towers (HLT).
• Usage: The energy will be utilized for captive consumption in Jindal Steel plants located in Chhattisgarh and Odisha.

Accelerating India’s Low CO₂ Steel Movement

This partnership is a significant step toward decarbonizing India’s steel industry. The energy generated will support Jindal Steel’s operations, furthering the Low CO₂ Steel movement in the country. Girish Tanti, Vice Chairman of Suzlon Group, emphasized the importance of this collaboration, stating, "Together, we're redefining the future of sustainable industrial growth in India."

Suzlon’s Growing C&I Portfolio

Commercial and industrial customers now account for 59% of Suzlon’s total order book, which has reached a record 5.9 GW—the highest in the company’s history. This latest order reinforces Suzlon’s position as a key player in India’s renewable energy sector.

Jindal Renewables’ Vision

Jindal Renewables Private Ltd (JRPL) is committed to becoming a pioneer in renewable energy projects in India. The company is currently developing close to 3 GW of diverse renewable assets, with plans to expand to 12 GW by 2030. This includes renewable energy projects, storage facilities, and green hydrogen production.

Bharat Saxena, President of Jindal Renewables, highlighted the company’s commitment to sustainability, stating, "This third order with Suzlon is a clear demonstration of our commitment to sustainable practices and our vision to become the largest decarbonization solution provider."

Conclusion

Suzlon’s latest order from Jindal Green Wind 1 underscores the growing demand for renewable energy in India’s industrial sector. By leveraging advanced wind energy technology, both companies are driving the transition toward sustainable and low-carbon industrial practices, contributing to India’s green energy goals.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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US Tariffs Impact: India Faces Surge in Cheap Chinese Steel Imports

US Tariffs May Make India a Target for Cheap Chinese Steel

The recent decision by the US government to impose tariffs on steel imports from multiple countries, including China, Mexico, and Canada, is expected to have significant implications for the Indian steel industry. Industry experts believe that India could become a prime target for surplus Chinese steel, posing challenges for domestic producers.

Impact of US Tariffs on the Global Steel Market

The US administration has imposed a 25% tariff on steel imports from Mexico and Canada. Additionally, tariffs on Chinese imports have been doubled to 20%. These measures are expected to make steel exports to the US financially unviable for China, prompting Chinese manufacturers to seek alternative markets.

India’s Steel Industry at Risk

According to Karan Pahuja, former President of the Indian Stainless Steel Development Association (ISSDA), India's steel industry is currently undergoing major capacity expansions. However, with Chinese steel looking for new buyers, India could face a surge in cheap imports.

"The Indian steel industry is already facing a cyclic downturn, and the added pressure from increased imports could further erode profit margins and disrupt expansion plans," Pahuja stated. He emphasized that unchecked imports could hinder the industry's long-term growth.

Industry Leaders React

Lalit Beriwala, Director of Shyam Steel Industries Ltd, described the US tariffs as part of a "global trade war." He reassured that the Indian government is aware of the situation and is likely to implement measures to protect the steel sector.

Meanwhile, Abhyuday Jindal, Managing Director of Jindal Stainless, highlighted two possible consequences for India:

• Indian steel producers might become more competitive in exporting to the US since all countries now face uniform tariffs.
• Countries that previously enjoyed exemptions, such as Korea and Japan, might start diverting their surplus steel to India, increasing competition in the domestic market.

For the stainless steel industry, this situation presents a mixed outlook—potential gains in exports but increased challenges for domestic sales.

Government Intervention and Industry Preparedness

With India's steel industry being a key contributor to economic growth, industry stakeholders are optimistic that the government will take necessary steps to prevent an influx of cheap imports. The coming months will be crucial in determining how India navigates this evolving trade landscape.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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