The shares of the prominent renewable energy solutions provider 3 percent after the company bagged a significant contract for the development of 100 MW wind farm projects.
With a market capitalization of Rs 75,067.00 crore, the shares of Suzlon Energy Ltd closed at Rs 55.00 per share, increased around 2.42 percent as compared to the previous closing price of Rs 53.70 apiece.
The shares of Suzlon Energy Ltd have seen positive movement after securing a major contract from Bharat Petroleum Corporation to develop 100 MW wind farm projects. The project is split evenly, with 50 MW each to be set up in Madhya Pradesh and Maharashtra, marking a significant boost to Suzlon’s project portfolio and market sentiment. These projects are expected to be completed and commissioned within two years.
Operational Highlights
The company expanded its manufacturing capacity to over 4.5 GW with upgraded facilities in Pondicherry and new blade lines in Madhya Pradesh and Rajasthan. Its S144 model has a strong 5 GW order book, with 85 percent of components sourced domestically under the “Made in India” initiative.
The company’s 80 percent order book consists of non-EPC orders, focusing on those with partial land availability for better commissioning. Key orders from NTPC, Jindal Renewables, and Torrent Power have substantial land availability for FY26.
Suzlon, a UN Global Compact member, aligns with the Net Zero by 2050 goal. It plans to diversify within WTG through advanced project development contracts totaling 1,100 MW and is exploring export opportunities based on domestic market saturation and capacity utilization.
Suzlon Energy Ltd has a market leader position with a 31 percent market share as per the latest filing, The company has 20.9 GW global installed wind energy capacity.
Suzlon Energy Limited is an Indian renewable energy solutions supplier. The company manufactures wind turbine generators and related components in various capacities. It operates in 17 countries, including Asia, Australia, Europe, Africa, and the Americas.
Written by Abhishek Singh
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