During Wednesday’s trading session, the shares of a leading global renewable energy solutions provider are in focus on stock exchanges, after the company announced securing a 378 MW wind energy project from NTPC Green Energy.
Stock Performance:
With a market cap of Rs. 81,317.4 crores, at 11:26 a.m., the shares of Suzlon Energy Limited were trading in the green at Rs. 59.58, up by nearly 0.5 percent, as against its previous closing price of Rs. 59.29.
The stock has delivered positive returns of over 43 percent in one year, and has gained around 3 percent in the last one month.
What’s the News:
According to the latest regulatory filings with the stock exchanges, Suzlon Energy Limited has announced the consolidation of its largest partnership to date with NTPC Green Energy Limited (NGEL) to 1,544 MW, with a recent award win of a 378 MW wind energy project.
Under the terms of the contract, Suzlon will supply 120 of its S144 Wind Turbine Generators (WTGs) equipped with Hybrid Lattice Towers (HLTs), each with a rated capacity of 3.15 MW. The company will also be responsible for the project’s foundation work, erection, commissioning, along maintenance and services.
Previous Updates:
17th April: Suzlon secured a 100.8 MW EPC wind power order from Sunsure Energy, marking Sunsure’s debut in wind energy. The project will be executed in Jath, Maharashtra.
Under this agreement, Suzlon will supply 48 S120 wind turbines (2.1 MW each) with Hybrid Lattice Towers, and handle complete project execution—including supply, installation, commissioning, and post-commissioning O&M. This project supports Sunsure’s aim to deliver round-the-clock renewable power in Maharashtra.
Order Book in Q3 FY25:
As of January 2025, Suzlon’s wind energy order book reached an all-time high of 5,521 MW. Approximately 80% of this total is attributed to orders from Commercial & Industrial (C&I) customers and Public Sector Undertakings (PSUs).
The S144 wind turbine continues to lead the Indian wind energy market, receiving an exceptionally strong response from customers. It currently represents around 92 percent (~5 GW) of Suzlon’s total order book.
Financial Performance:
Suzlon Energy reported a significant growth in the revenue from operations, experiencing a year-on-year increase of nearly 91 percent, rising from Rs. 1,560 crores in Q3 FY24 to Rs. 2,975 crores in Q3 FY25.
Similarly, the company’s net profit increased by 91 percent YoY from Rs. 203 crores to Rs. 388 crores over the same period.
EBITDA for Q3 FY25 increased by 101.6 percent YoY to Rs. 500 crores, up from Rs. 248 crores in Q3 FY24, while the EBITDA margins also improved from 15.9 percent to 16.8 percent, over the same timeframe.
Key Financial Ratios:
In terms of key financial metrics, Suzlon Energy currently has a Return on Equity (RoE) of 28.8 percent and a return on capital employed (RoCE) of 24.9 percent. Additionally, the company’s debt-to-equity ratio stands at 0.06.
About the company:
Suzlon Energy Limited is primarily engaged in the business of manufacturing, project execution and operation and maintenance service (OMS) of Wind Turbine Generators (WTGs) and the sale of related components of various capacities.
Suzlon has an installed base of 15 GW, representing a 31 percent market share of India’s total wind capacity of 48.2 GW.
Written by Shivani Singh
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