Synopsis:
Suzlon Energy is in focus after the company announced that it has bagged a 381 MW wind energy order from Zelestra India, backed by EQT (a notable PE firm).
With a market capitalization of Rs 88,319 crore, the shares of Suzlon Energy Ltd are currently trading at Rs 65 per share, down by 24.5 percent from its 52-week high of Rs 86.04 per share. Over the past five years, the stock has delivered a multibagger return of 1,538 percent.
On Friday, Suzlon Energy, through a stock exchange filing, announced that the company has landed a significant order of 381 MW from Zelestra India and its affiliates for its Firm and Dispatchable Renewable Energy (FDRE) project, which spans across Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW).
FDRE means clean energy (like wind or solar) that can be supplied consistently and on demand, just like traditional power sources. Since wind and solar are not always available, FDRE projects combine them with storage or other solutions to ensure 24/7 reliable power. This helps meet growing electricity needs while reducing dependence on fossil fuels.
This project will utilise 127 of Suzlon’s S144 wind turbines, each with a capacity of 3 MW. This new order bolsters Suzlon’s role as a major player in India’s transition to clean energy, with the S144 order book now sitting at about 91%.
The segments in Maharashtra and Madhya Pradesh will support SJVN’s FDRE bid, while the Tamil Nadu portion is aimed at serving commercial and industrial customers.
Zelestra, backed by EQT, boasts 29 GW of renewable projects worldwide and has set an ambitious goal to develop a 5 GW hybrid portfolio in India by 2027–28. With over 21 GW of wind installations globally. EQT is a private equity firm and is one of the world’s largest funds, with more than €273 billion (Rs 27.49 lakh crore) in assets under management.
Also Read: Infra stock in focus after receiving ₹791 Cr order from state government agencies
Financial Highlights
The company delivered impressive financial results in FY25, with revenue soaring over 66 percent to Rs 10,890 crore in FY25 from Rs 6,529 crore in FY24. Net profit also surged significantly, rising by more than 213 percent to Rs 2,072 crore compared to Rs 660 crore the previous year.
However, it is to be noted that the sharp jump in profit was primarily driven by a deferred tax gain of Rs 639.42 crore during FY25, which significantly boosted the bottom line.
Suzlon Energy Limited is a significant wind energy company focused on the sales and manufacture of wind turbine generators and components in India as well as global markets. Additionally, it carries out operations, maintenance, and project execution for wind projects. It also leases land, sells foundry and forging components, generates power, and conducts solar energy activities.
Written by Satyajeet Mukherjee
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