Synopsis: Wind turbine stock gained attention after securing a 201.6 MW order from Waaree Group for its maiden wind project in Andhra Pradesh, strengthening its 5.9 GW order book.
The share of this company, which is one of the leading global renewable energy solutions providers and specializes in the design, manufacturing, and maintenance of wind turbine generators, gained investor traction after receiving a significant order.
With a market capitalization of Rs 72,231 crore, Suzlon Energy Ltd’s share on Thursday made a day high of Rs 53.23 per share, up by 0.45 percent from its previous day’s close price of Rs 52.99 per share. The share of this company gave a return of 20.16 percent over the last year.
Order details
Suzlon has secured a 201.6 MW wind energy order from Waaree Forever Energies Private Limited (WFEPL), the Independent Power Producer (IPP) arm of the Waaree Group. The project will be developed in Andhra Pradesh under Suzlon’s DevCo model, which offers end-to-end project execution. This marks Waaree Group’s first wind power project and strengthens Suzlon’s position as a renewable energy solutions provider.
As part of the order, Suzlon will install 64 units of its S144 wind turbine generators, each with a rated capacity of 3.15 MW. The company will handle the complete project, including land acquisition, turbine supply, Balance of Plant (BoP), commissioning, and lifetime operations and maintenance (O&M) services, ensuring end-to-end execution of the wind project.
This order further strengthens Suzlon’s order book, which stood at 5.9 GW. Around 66 percent of the order book comes from the Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) segments, highlighting strong demand from these fast-growing customer categories.
Management Commentary: Girish Tanti, Vice Chairman of Suzlon Group, said the partnership with Waaree reflects the growing shift towards integrated renewable energy solutions and the increasing adoption of the DevCo model. CEO Ajay Kapur added that this is Waaree’s first wind project and Suzlon’s second consecutive DevCo-led EPC order within a week, highlighting strong demand for its end-to-end execution capabilities.
Pawan Agrawal, CEO of Waaree Forever Energies Private Limited, said the company is expanding its renewable energy portfolio beyond solar through its IPP business to meet India’s growing energy demand. He added that the 201.6 MW wind project with Suzlon in Andhra Pradesh is a key milestone and marks the beginning of a long-term partnership to support the country’s clean energy transition.
About the Company
Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. Operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears, and nacelles.
Financial Highlights: Revenue from operations increased 44.93 percent YoY to Rs 5,493 crore, compared to Rs 3,790 crore in Q4 FY25. The company’s operating margin remained unchanged at 18 percent. However, net profit declined 5.67 percent YoY to Rs 1,114 crore from Rs 1,181 crore, while earnings per share fell 5.75 percent to Rs 0.82 from Rs 0.87 in the same period last year.
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