Summary: Suzlon Energy shares rose after securing a 100.8 MW wind power order from Sunsure Energy. The project in Maharashtra includes 48 turbines, full execution, and maintenance, marking Sunsure’s wind energy debut and supporting its Round-The-Clock power ambitions.
Suzlon Energy shares moved up by 2.53% on Thursday, April 17, 2025, hitting an intraday high of Rs 55.72 on the NSE. The rise in share price followed news that one of India’s leading renewable energy solution providers secured a 100.8 MW EPC wind power order from Sunsure Energy, marking the latter’s maiden entry into the wind energy sector. The project will be executed in the Jath region of Maharashtra.
Under this agreement, Suzlon will supply 48 state‐of‐the‐art S120 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 2.1 MW capacity. It will supply the wind turbines, oversee equipment installation, and execute the project, including erection and commissioning, while providing comprehensive operations and maintenance services post‐commissioning. This project will enhance Sunsure Energy’s renewables portfolio and support its goal of delivering Round‐The‐Clock power to customers in Maharashtra.
Suzlon is accelerating the adoption of renewable energy among large corporations through Independent Power Producers (IPPs). Mr. JP Chalasani, Chief Executive Officer of the Suzlon Group, said, "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."
As of Q3 FY25, Suzlon Energy reported its highest-ever domestic order book of 5.5 GW, reflecting a 241% growth since December 2023. The company also boasts a global installed wind energy capacity of 20.9 GW and holds a 31% cumulative market share in India.
In Q3 FY25, Suzlon Energy delivered strong performance with deliveries reaching 447 MW, up 163% YoY. Revenue stood at Rs 2,969 crore, marking a 91% increase YoY. EBITDA came in at Rs 500 crore, growing 102% YoY, while Profit After Tax (PAT) rose to Rs 388 crore, up 91% YoY.
At 02:00 pm, shares of Suzlon Energy were trading at Rs 55.37, up by 1.91%. On a year-to-date (YTD) basis, the share price is down by 11.59%, while over the past 12 months, the stock has gained 38.97%.
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