Core Announcement – Order Details
Awarding Entity: Tata Power Renewable Energy Limited (TPREL)
Domestic/International Order: Domestic (India)
Nature of Order/Contract: Comprehensive EPC contract for a 400 MW wind energy project, including land acquisition, turbine supply, Balance of Plant (BoP), Pooling substation (PSS), Extra High Voltage Line (EHV), commissioning, and operations & maintenance services.
Order Value: Not specified in exact monetary terms. The order involves supply of 127 wind turbine generators.
Materiality Context: Described as part of Suzlon's newly launched DevCo business model. This is a repeat order from TPREL awarded in less than 12 months, bringing cumulative partnership to over 1 GW across four states (Karnataka, Maharashtra, Tamil Nadu, and Andhra Pradesh).
Execution Timeline: Not specified. Project to be executed in Anantapur District of Andhra Pradesh.
Revenue Recognition / Billing Structure: Not specified.
Key Terms & Payment Milestones: Not specified.
Whether Related Party Transaction: No
Promoter Group Involvement: Not specified
Financial Implication: This order brings Suzlon's orderbook in Andhra Pradesh to close to 1 GW. Suzlon's current installed base in Andhra Pradesh stands at 1.8 GW, contributing to 28.44% of Suzlon's installed base in South India.