Latest news with #JPChalasani
Mint
10 hours ago
- Business
- Mint
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.
Business Standard
11 hours ago
- Business
- Business Standard
Suzlon Energy rises on winning 170.1 MW wind project order from Ampin
Suzlon Energy added 1.26% to Rs 63.30 after the company said that it has bagged its third successive order from Ampin Energy Transition (AMPIN) for the development of a 170.1 MW wind power project in Kurnool, Andhra Pradesh. This continued collaboration reflects a shared vision to support Indias transition to a cleaner and more self-reliant energy future, driven by domestically manufactured renewable energy solutions, Suzlon Energy said in a regulatory filing. Together, Suzlon and Ampin are playing a pivotal role in making green power both accessible and affordable for Indian businesses, the company added. As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each having a rated capacity of 3.15 MW. The scope of the project includes complete executionfrom equipment supply and installation to commissioning, along with long-term operations and maintenance services. JP Chalasani, chief executive officer, Suzlon Group, stated, Indias decarbonization journey will be won or lost at the distribution level. DISCOMs are the critical link between renewable energy generation and everyday consumptionfrom industries to households. To empower them with reliable, cost efficient clean power is not just a goalits a national imperative. Together, were proving that clean energy isnt just viable its vital, scalable, and transformative for the power sector. Vivek Srivastava, chief executive officer, India Business, Suzlon Group, added, Three orders from AMPIN reflect the power of shared mission. Together; were committed to a selfreliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonization of Indias power distribution infrastructure. Pinaki Bhattacharyya, founder, managing director & CEO, AMPIN Energy Transition, said, Our continued partnership with Suzlon reflects our confidence in their deep expertise in wind energy and their alignment with Indias self reliance goals through local manufacturing. This project is a strategic step forward in AMPINs journey toward a 25 GW renewable energy portfolio by 2030, reinforcing our commitment to delivering clean, dependable power to Indias growing Commercial and Industrial sector. Suzlon Energy is primarily engaged in the business of manufacturing, project execution and operation and maintenance service (OMS) of Wind Turbine Generators (WTGs) and sale of related components of various capacities. The companys consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24.
Business Upturn
11 hours ago
- Business
- Business Upturn
Suzlon secures 170.1 MW wind power project from AMPIN Energy in Andhra Pradesh
Suzlon has recently informed exchanges that the company secured its third consecutive wind energy project from AMPIN Energy Transition . The new 170.1 MW project will be developed in Kurnool, Andhra Pradesh, further reinforcing the companies' commitment to decarbonizing India's electricity distribution companies (DISCOMs). This partnership is a major boost to India's renewable energy goals and the Make in India initiative, showcasing the growing synergy between local manufacturing and clean power deployment. Suzlon and AMPIN's continued collaboration reflects a shared vision of accelerating the nation's move to a low-carbon, energy-secure future through innovative, locally produced wind energy solutions. Under the terms of the agreement, Suzlon will deliver 54 of its cutting-edge S144 wind turbine generators (WTGs) , each with a capacity of 3.15 MW. The turbines will be mounted on Hybrid Lattice Towers (HLT) , known for their superior efficiency and cost-effectiveness. The project scope includes comprehensive execution—from equipment supply and installation to commissioning and long-term operations and maintenance services—ensuring end-to-end support for the clean energy venture. JP Chalasani, Chief Executive Officer, 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.' This strategic partnership not only highlights the scalability of renewable energy infrastructure in India but also underpins efforts to make green power more accessible and affordable for industries across the country. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
11-06-2025
- Business
- Business Standard
Suzlon Wins ATD's BEST Award 2025 for Empowering India's Next-Generation Green Energy Leaders
BusinessWire India Pune (Maharashtra) [India], June 11: Suzlon Group, India's no.1 wind energy solutions provider has been honored with the prestigious 2025 BEST Award by the Association for Talent Development (ATD), USA, ranking 7th Globally and 2nd in India. This recognition places Suzlon among a distinguished cohort of 57 global organizations acknowledged for embedding talent development as a core driver of business transformation. The ATD BEST Award is one of the highest accolades in the field of learning and development, honoring organizations that use talent development to achieve enterprise-wide success. Suzlon was recognised for its comprehensive talent development practices, including flagship programs like the Leadership Circle and the ACE (Accelerated Competency Enhancement) Program--designed to identify, mentor, and accelerate the growth of high-potential talent across levels. These initiatives reflect Suzlon's focus on structured mentorship, leadership capability-building, and succession planning to power the next generation of green energy leadership. Suzlon is shaping India's green careers by building strong industry-academia partnerships and launching youth-centric skilling initiatives. Through these efforts, it's creating pathways to employment in clean energy and bridging the sector's talent gap. Mr. JP Chalasani, Chief Executive Officer, Suzlon Group said, "We are honored and excited about this recognition. This award reflects our belief that our people are the strongest foundation of India's clean energy future. At Suzlon, talent development is not an initiative -- it's embedded in our culture and strategy. We are proud to be shaping a workforce that is agile, innovative, and equipped to lead in a rapidly evolving global energy landscape. The talent nurtured within Suzlon is not only powering our transformation but also contributing meaningfully to the broader renewable energy sector in India in various C-suites roles." Rajendra Mehta, Chief Human Resources Officer, Suzlon Group said, "Through its integrated learning ecosystem--spanning leadership development, functional upskilling, digital enablement, and grassroots training, Suzlon equips employees across levels to contribute meaningfully to long-term value creation. Its focus on inclusive growth, continuous capability building, and internal mobility forms the backbone of a high-performance culture that is both human-centric and future-facing." Tony Bingham, ATD President and CEO said, "These 57 BEST organizations are driving impact and solving business challenges through talent development practices and doing so in innovative ways. Senior leaders in these organizations understand the critical strategic role learning has, and they are committed to investing in the growth and development of their people."
Business Standard
30-05-2025
- Business
- Business Standard
Suzlon Energy soars after Q4 PAT zooms 365% YoY to Rs 1,182 cr
Suzlon Energy surged 11.31% to Rs 72.82 after the company's consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) soared 118% Yo Y to Rs 551.24 crore in Q4 FY25. EBITDA stood at Rs 693 crore, registering the growth of 94.12%, compared with Rs 357 crore posted in corresponding quarter last year. EBITDA margin expanded to 18.4% in Q4 FY25 as against 16.4% in Q4 FY24. Net volumes soared 109.89% to 573 MW in Q4 FY25, compared with 273 MW in Q4 FY24. On full year basis, the companys consolidated net profit soared 213.7% to Rs 2,071.63 crore on 67% jump in revenue from operations to Rs 10,851.32 crore in FY25 over FY24. Girish Tanti, vice chairman, Suzlon Group, said, "FY25s performance sets the stage for Suzlons next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus. India has also crossed a significant milestone by surpassing 50 GW of installed wind power capacity a journey in which Suzlon has played a leading role. As we advance towards the 100 GW target by 2030, India will most certainly shape the global narrative on clean energy leadership and climate action. JP Chalasani, chief executive officer, Suzlon Group, said, "This year, we completed Suzlons ramp-up phase, which is clearly reflected in the sharp increase in our deliveries. With our highest-ever firm order book of 5.6 GW, we have long-term visibility and the capacity to scale and support future growth. These efforts have built a solid foundation to meet Indias rising need for clean, reliable, and locally made wind energy. Our continued focus on safety, quality, ESG, and customer satisfaction will guide us, as we step into the next phase of Indias energy journey." Himanshu Mody, chief financial officer, Suzlon Group, said, This is one of the best years for Suzlon, marked by consistent growth across revenues, profitability, and EBITDA, along with a strong net cash position. These results reflect the strength of our operating model and financial prudence. We are committed to funding our growth ambitions while maintaining strict financial discipline, optimising capital allocation, and strengthening our balance sheet for long-term sustainability. Suzlon Energy is primarily engaged in the business of manufacturing, project execution and operation and maintenance service (OMS) of Wind Turbine Generators (WTGs) and sale of related components of various capacities.
