Shares of Suzlon Energy rose over 2% to hit an all-time high of ₹59.28 per share on Tuesday, September 16, after bagging its largest order for FY2025-26.
The renewable energy company has received an 838 MW order from Tata Power Renewable Energy Ltd (TPREL) under its Firm and Dispatchable Renewable Energy (FDRE) project.
This is Suzlon’s second-largest order ever after the 1,544 MW order from NTPC Green Energy, and reflects the growing role of FDRE projects in accelerating India’s energy transition, the company said.
The 838 MW project will consist of Suzlon’s 266 S144 wind turbines, each with a rated capacity of 3.15 MW and will be strategically located in Karnataka (302 MW), Maharashtra (271 MW) and Tamil Nadu (265 MW). The project is part of the FDRE bids awarded to SJVN and NTPC.
Girish Tanti, Vice President, Suzlon Group, said, “Tata Power Renewable Energy is embarking on a strategic transformation to achieve 100% clean energy by 2045, and we are proud to support this ambitious journey with our advanced, ‘Made in India’ wind technology. Our partnership, which spans over a decade and is marked by a third repeat order, underscores our shared commitment to India’s energy transformation.” At 10 am, Suzlon Energy shares were trading 0.83% higher at ₹58.55 per share.
The company further said that this collaboration brings together Suzlon’s advanced technology and Tata Power’s goal of providing scalable, grid-connected clean energy solutions. It demonstrates how “Made in India” innovation can provide reliable and efficient power for the country.
Suzlon Energy is a pioneer in wind energy in India, the fifth largest wind power market in the world. The company is a leader in providing end-to-end wind energy solutions to meet the growing demand for wind power across the globe.
Suzlon Energy Q1 Earnings
The renewable energy company reported a 54% year-on-year growth in consolidated revenue from operations for the quarter ended June 30, 2025 at ₹2,016 crore as against ₹2,016 crore in the same period last year.
This sharp rise in revenue was primarily driven by the wind turbine segment registering a 67% growth during the quarter to ₹2,496 crore in revenue. Further, foundry and forging revenue also grew from ₹91 crore to ₹149 crore.
Suzlon Energy’s net profit grew 7.2% year-on-year to ₹324 crore in the quarter as against ₹302 crore in the same quarter of FY25.
On the operational front, the company’s earnings before interest, tax, depreciation and amortization (EBITDA) grew 60% to ₹585 crore in the quarter as against ₹364 crore in Q1 FY26, driven by positive inventory adjustments of ₹550 crore.
EBITDA margin for the quarter also expanded by 70 basis points (bps) to 18.78%.
