Synopsis:
Suzlon Energy Ltd is in focus after securing its biggest order of FY26 from Tata Power Renewable Energy.
One of the leading global renewable energy solutions providers, is in the spotlight after securing its biggest order of FY26 of 838 MW from Tata Power Renewable Energy under the FDRE project.
With the market capitalization of Rs. 80,072.09 crore, the shares of Suzlon Energy Limited is trading at Rs. 58.44, up by 0.63 percent from its previous day’s close price of Rs. 58.07 per equity share, and it has reached a high of Rs. 59.28 in the same trading day.
Work Order
Suzlon has won its biggest order of FY26, securing 838 MW from Tata Power Renewable Energy under the FDRE project. This is Suzlon’s second-largest order ever, after NTPC’s 1,544 MW deal.
The project will deploy 266 S144 wind turbines of 3.15 MW each, spread across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW). This collaboration underscores the growing importance of FDRE wind-dominant systems in ensuring round-the-clock, grid-stable clean energy and highlights the synergy between Suzlon’s technology and Tata Power’s renewable vision.
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Management View
Girish Tanti, Vice Chairman of Suzlon Group, said the company is proud to support Tata Power Renewable Energy’s goal of achieving 100% clean power by 2045 with its advanced “Made in India” wind technology. Highlighting a decade-long partnership and this being the third repeat order, he emphasized their shared commitment to delivering reliable, cost-efficient, and grid-integrated clean energy solutions for India’s transition.
JP Chalasani, CEO of Suzlon Group, said Tata Power Renewable Energy sets high benchmarks in technology, reliability, and execution, driving the industry forward in delivering large-scale, round-the-clock clean power. He added that Suzlon’s continued selection as their partner shows its strength in aligning with this vision through proven “Made in India” innovation and execution.
About the Company & Others
Suzlon Energy Limited, founded in 1995 and based in Pune, manufactures and sells wind turbine generators and components in India and abroad. It operates across WTG, Foundry & Forging, O & M Services, and Others segments, offering turbine maintenance, project execution, procurement, and marketing services.
The company is also involved in land sales or leases, manufacturing forging rings and castings, and developing power generation and evacuation infrastructure. As of August 2025, the company boasts a strong domestic order book of 5.7 GW, reflecting robust demand for its wind energy solutions.
A return on equity (ROE) of about 41.4 percent, a return on capital employed (ROCE) of about 32.5 percent and debt to equity ratio at 0.05 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 38x lower as compared to its industry P/E 47.8x.
In Q1FY26, the company reported revenue of ₹3,132 crore, up 55% YoY from ₹2,022 crore but down 17% QoQ from ₹3,790 crore. Net profit stood at ₹324 crore, rising 7% YoY from ₹302 crore but sharply declining 73% QoQ from ₹1,181 crore.
Written by Akshay Sanghavi
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