Suzlon Energy share price climbs 3% after securing 170.1 MW wind power project

Suzlon Energy share price in focus: Shares of Suzlon Energy, one of the leading global renewable energy solutions providers, rose nearly 3% in intraday trade on Friday, June 20, hitting a high of ₹ 64.26 apiece and ending a three-day losing streak after the company announced a new 170.1 MW project win.
In an exchange filing today, the company stated that it had received its third successive order from AMPIN for a 170.1 MW wind power project to be developed in Kurnool, Andhra Pradesh.
As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW. The scope of the project includes complete execution—from equipment supply and installation to commissioning and long-term operations and maintenance services.
JP Chalasani, Chief Executive Officer of the Suzlon Group, said, 'India's decarbonization journey will be won or lost at the distribution level. DISCOMs are the critical link between renewable energy generation and everyday consumption—from industries to households. To empower them with reliable, cost-efficient clean power is not just a goal—it's a national imperative. Together, we're proving that clean energy isn't just viable—it's vital, scalable, and transformative for the power sector.'
Suzlon achieved a record quarterly delivery of 573 MW in Q4 FY25, bringing total deliveries in FY25 to 1.55 GW. The company's order book reached an all-time high of 5.6 GW, with the S144 platform alone surpassing 5 GW, solidifying its position as a market leader in India.
The company also added 10 new production lines for its S144–3.X MW series and completed nacelle expansions at its Daman and Pondicherry facilities. Suzlon further announced plans to continue investing in a robust local manufacturing and supply chain ecosystem to support India's wind energy goals.
Despite the positive momentum, Suzlon shares have been under pressure since touching a 52-week high of ₹ 74.30 on May 30, as investors opted to book profits following the strong rally driven by robust March quarter and FY25 performance, along with steady order wins.
Between May 9 and May 30, the stock surged from ₹ 52.60 to ₹ 71.50, delivering an impressive 36% gain in just 16 trading sessions. For FY25, Suzlon Energy's net profit jumped to ₹ 2,072 crore from ₹ 660 crore in FY24, driven by a ₹ 10,851 crore rise in revenue.
The WTG business accounted for 78% of FY25 revenue, while the remainder came from the OMS (Operations and Maintenance Services) business. Suzlon's net cash position improved to ₹ 1,943 crore as of March 2025, up ₹ 836 crore compared to December 2024.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

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Suzlon bags 170.1 MW wind energy order from AMPIN

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Time of India

12 hours ago

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Suzlon Energy shares rally 3% after fresh 170 MW wind order win

Suzlon Energy shares rose up to 2.8% after securing a 170.1 MW wind power order from AMPIN Energy Transition—its third consecutive deal with the firm. The order involves supplying 54 advanced turbines for a project in Andhra Pradesh. With this, Suzlon's total order book from AMPIN reaches 303 MW. The stock remains in focus amid recent block deals and mixed technical signals. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Stock Gains and Technical Outlook Shares of Suzlon Energy climbed as much as 2.8% on Friday to Rs 64.26 on the BSE after the renewable energy firm announced a fresh 170.1 megawatt (MW) wind power order from AMPIN Energy Transition—its third consecutive deal with the clean energy an exchange filing on Friday, Suzlon said, 'We have won a third successive repeat order of 170.1 MW from AMPIN Energy Transition Ltd. to supply 3.15 MW wind turbines for their proposed wind power project to be developed at Kurnool in Andhra Pradesh.'The project will involve the supply of 54 units of Suzlon's advanced S144 wind turbine generators, each with a rated capacity of 3.15 MW, mounted on Hybrid Lattice company added that the scope of the project includes the 'supply, installation, and commissioning of the wind turbines,' and will be executed with Suzlon's equipment, along with comprehensive operation and maintenance services post this latest win, Suzlon's total order book from AMPIN now stands at 303 shares have risen 31% over the past year, 11% in the last three months, and 4% over the past month. The stock has remained in focus following a series of block deals earlier this week, where promoters sold 19.8 crore shares worth over Rs 1,300 crore at an average price of Rs 66.05 per the key institutional buyers were Goldman Sachs, Motilal Oswal, Societe Generale, ICICI Prudential , and Bandhan Mutual Fund. As of the March 2025 quarter, mutual funds held a 4.17% stake in Suzlon Energy, while promoter holding stood at just over 13%.From a technical standpoint, the stock is trading above five of its eight key simple moving averages (SMAs)—including the 30-day, 50-day, 100-day, 150-day, and 200-day SMAs—while remaining below the 5-day, 10-day, and 20-day Relative Strength Index (RSI) currently stands at 44.8. An RSI below 30 is typically considered oversold, while a reading above 70 is viewed as overbought. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0.9—above the center line but below the signal line—indicating a mixed momentum setup for the stock in the near term.