Latest news with #S144
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
Mint
03-06-2025
- Business
- Mint
Suzlon Energy share price slides 4.5%, slips below ₹70 on profit booking after strong Q4 rally
Suzlon Energy share price in focus: Suzlon Energy share price in focus: Suzlon Energy's share price witnessed another day of selling pressure as the stock tumbled 4.5% during Tuesday's trading session (June 3), hitting an intraday low of ₹ 68 apiece and extending its losing streak to the second consecutive day. The drop in Suzlon's share price can be attributed to profit booking, as the stock saw a strong run-up in May, especially following the release of the company's March quarter results, which pushed the stock to a 6-month high of ₹ 74.30 apiece on May 30, a day after it reported a 365% YoY jump in Q4FY25 consolidated net profit. The strong rally following the Q4 results led the stock to end May with a solid gain of 27%—its biggest monthly gain since July 2024, when it delivered a return of 31.25%. Apart from robust March quarter numbers, the Street also welcomed the company's FY26 guidance, issued for the first time in its history. Despite short-term volatility in Suzlon Energy's share price, the long-term outlook remains promising amid a growing order book and India's goal of achieving 500 GW of capacity from non-fossil fuel sources. Suzlon ended FY25 with a record order book of 5.6 GW, with its S144 platform alone surpassing 5 GW—cementing its position as the leading product in India's wind energy market. Meanwhile, the contribution margin from its WTG (Wind Turbine Generator) business expanded to 23%, marking a 360-basis-point increase, supported by its 4.5 GW manufacturing capacity. In its earnings filing, the company said it added 10 new production lines for its S144–3.X MW series in FY25 and completed nacelle expansions at its Daman and Pondicherry facilities. It also outlined plans to continue investing in a robust domestic manufacturing and supply chain ecosystem to support India's wind energy ambitions. Its OMS (Operations and Maintenance Services) business remains a key pillar of growth for the group, currently managing a robust 15 GW of installed wind capacity across India—representing over USD 10 billion in renewable energy assets under management. Following the company's March quarter results, global brokerage firm Morgan Stanley maintained its 'Overweight' rating with a target price of ₹ 77 per share, while Motilal Oswal also retained its 'Buy' rating, with a target price of ₹ 83 per share. Suzlon Energy have delivered stellar returns to their shareholders. Although the stock is currently trading at a healthy discount from its recent peak of ₹ 86 apiece, touched in October 2024, it is still up by 601% over the last three years and 2,190% over the last five years—indicating that investors remain optimistic about the company's operational turnaround.
Mint
03-06-2025
- Business
- Mint
Suzlon Energy share price slides 4.5%, slips below ₹70 on profit booking after strong Q4 rally
Suzlon Energy share price in focus: Suzlon Energy share price in focus: Suzlon Energy's share price witnessed another day of selling pressure as the stock tumbled 4.5% during Tuesday's trading session (June 3), hitting an intraday low of ₹ 68 apiece and extending its losing streak to the second consecutive day. The drop in Suzlon's share price can be attributed to profit booking, as the stock saw a strong run-up in May, especially following the release of the company's March quarter results, which pushed the stock to a 6-month high of ₹ 74.30 apiece on May 30, a day after it reported a 365% YoY jump in Q4FY25 consolidated net profit. The strong rally following the Q4 results led the stock to end May with a solid gain of 27%—its biggest monthly gain since July 2024, when it delivered a return of 31.25%. Apart from robust March quarter numbers, the Street also welcomed the company's FY26 guidance, issued for the first time in its history. Despite short-term volatility in Suzlon Energy's share price, the long-term outlook remains promising amid a growing order book and India's goal of achieving 500 GW of capacity from non-fossil fuel sources. Suzlon ended FY25 with a record order book of 5.6 GW, with its S144 platform alone surpassing 5 GW—cementing its position as the leading product in India's wind energy market. Meanwhile, the contribution margin from its WTG (Wind Turbine Generator) business expanded to 23%, marking a 360-basis-point increase, supported by its 4.5 GW manufacturing capacity. In its earnings filing, the company said it added 10 new production lines for its S144–3.X MW series in FY25 and completed nacelle expansions at its Daman and Pondicherry facilities. It also outlined plans to continue investing in a robust domestic manufacturing and supply chain ecosystem to support India's wind energy ambitions. Its OMS (Operations and Maintenance Services) business remains a key pillar of growth for the group, currently managing a robust 15 GW of installed wind capacity across India—representing over USD 10 billion in renewable energy assets under management. Following the company's March quarter results, global brokerage firm Morgan Stanley maintained its 'Overweight' rating with a target price of ₹ 77 per share, while Motilal Oswal also retained its 'Buy' rating, with a target price of ₹ 83 per share. Suzlon Energy have delivered stellar returns to their shareholders. Although the stock is currently trading at a healthy discount from its recent peak of ₹ 86 apiece, touched in October 2024, it is still up by 601% over the last three years and 2,190% over the last five years—indicating that investors remain optimistic about the company's operational turnaround. 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.
