Shares of a leading wind energy company moved higher after it secured a significant order of 100.8 MW from Sunsure Energy. The development highlights continued momentum in the renewable energy space and adds to the company’s growing project pipeline, reinforcing investor confidence in its long-term growth prospects.
Price Movement
During Thursday’s trading session, shares of Suzlon Energy Ltd jumped to an intraday peak of Rs.55.72 each, reflecting a 2.5 percent increase from the prior closing price of Rs.54.34 per share. However, the stock has retreated since then and is currently trading at Rs.55.37 apiece. Over the past five years, the stock has delivered over 2,050 percent returns.
What Happened
Suzlon Energy Ltd has secured a 100.8 MW EPC wind power project from Sunsure Energy, marking Sunsure’s debut in the wind energy segment. The project will be developed in the Jath region of Maharashtra. As part of the agreement, Suzlon will supply 48 advanced S120 wind turbine generators (WTGs), each with a capacity of 2.1 MW and equipped with Hybrid Lattice Towers (HLT).
Suzlon will be responsible for supplying the turbines, managing equipment installation, and executing the entire project including erection and commissioning. Additionally, the company will provide comprehensive operations and maintenance services after commissioning. This project will strengthen Sunsure Energy’s renewable energy portfolio and contribute to its objective of delivering round-the-clock power to customers in Maharashtra.
Executives Overview
Mr. JP Chalasani, Chief Executive Officer of Suzlon Group, highlighted the importance of corporate adoption of wind energy in accelerating India’s clean energy transition. He stated, “Adopting wind energy by large corporations is imperative for achieving India’s 500 GW non‐fossil fuel target by 2030. Increasingly, Independent Power Producers (IPPs) are recognising wind’s potential to make power more accessible, affordable, and high‐quality. This transition not only supports our energy goals but also drives sustainable economic growth and innovation across the industry.”
Capacity Enhancement
Suzlon Energy Ltd has a global installed wind energy capacity of 20.9 GW and an annual manufacturing capacity of approximately 4,500 MW in India. With a 31 percent cumulative market share, Suzlon remains a key player in India’s wind energy sector, contributing significantly to the country’s renewable energy landscape.
Order Book
Suzlon Energy Ltd has demonstrated its capability to manage multiple technologies under one roof, with a combined capacity of 1,905 MW in wind, 148 MW in solar, and 3,016 MW in assets under management. The company also oversees 963 MW of Balance of Plant (BOP) and boasts an impressive order book of 5,521 MW as of January 2025, reflecting a significant growth of 141 percent from 2,290 MW in January 2024.
Management Guidance
The company anticipates that consolidated contribution margins will stabilize at approximately 20 percent, factoring in steel prices and project execution. Operations and Maintenance (O&M) margins are expected to remain around 40 percent, although quarterly fluctuations may arise due to one-off items.
Financial Performance
According to its recent financial updates, Suzlon Energy Ltd reported consolidated revenue of Rs.2,975 crores in Q3 FY25, marking a 91 percent increase from Rs.1,560 crores in Q3 FY24. Additionally, the company saw a surge in net profit to Rs.388 crores, rising 91 percent from Rs.203 crores in the same period last year.
Important Accounting Ratios
The company has a Return on Capital Employed (ROCE) of 20.69 percent and a Return on Equity (ROE) of 21.35 percent. Its Price-to-Earnings (P/E) ratio stands at 62.6, higher than the industry average of 45.01. Furthermore, the company maintains a current ratio of 1.8, and a debt-to-equity ratio of 0.06.
Written by – Siddesh S Raskar
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