Suzlon Group

Suzlon shines: Shares rise 4% on securing deals with Jindal Renewables

The uptick in Suzlon's share price followed the news that the company had secured a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables

Suzlon secures 204.75 MW wind energy order from Jindal Renewables

Renewable energy solutions provider Suzlon on Tuesday said it has bagged a 204.75 MW wind energy order from Jindal Renewables. The new order was bagged from Jindal Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables. Suzlon will supply 65 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 3.15 MW capacity, a company statement said. The order will be executed in the Karur region of Tamil Nadu. This partnership is Suzlon's largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW. Earlier, Suzlon secured two orders to power Jindal Steel's plants in Chhattisgarh and Odisha, adding 702.45 MW of wind energy. "Building on our initial successes in Karnataka, we're now expanding the Low CO2 Steel movement to Tamil Nadu, a trailblazer in wind energy," Girish Tanti, Vice Chairman, Suzlon Group, said Currently, C&I customers account for 59 per cent of Suzlon's total order book, which has now reached a ..

India's renewable energy leaders call for localisation to sustain growth

Localisation of supply chains and talent development are key to making India's renewable energy sector self-reliant and globally competitive, industry experts stress at BS Manthan

Suzlon bags order from Oyster Renewable to supply wind turbine generators

Suzlon Group on Wednesday said it has secured a repeat order from Oyster Renewable to supply 64 wind turbine generators each having a rated capacity of 3.15 megawatts (MW). It will supply 64 wind turbine generators (WTGs) of S144 series with Hybrid Lattice Towers (HLT) to Oyster Renewable in Madhya Pradesh, the company said in a statement. "Suzlon Group has secured a repeat order of 201.6 MW from Oyster Renewable, reasserting its leadership in India's wind energy sector. With this latest addition, Suzlon's partnership with Oyster Renewable has now grown to 283.5 MW in Madhya Pradesh within just nine months," it said. Girish Tanti, Vice Chairman, Suzlon Group, said, "After working with us for commissioning, Oyster has now trusted Suzlon with a full EPC order, reinforcing our position as the preferred renewable energy partner." J P Chalasani, Chief Executive Officer, Suzlon Group, said, Madhya Pradesh has become a key wind energy hub. This is company's 5th repeat order this ...

Suzlon Energy at 5% upper limit, zooms 16% in 3 days on Q3; analysts upbeat

Suzlon Energy shares have jumped 16 per cent over the last three trading sessions on the back of robust Q3FY25 results, which were supported by strong execution

Suzlon Group secures order of 302 MW wind project from Jindal Renewables

Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. "Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka," the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer. Under the strategic agreement, Suzlon will supply 96 wind turbine generators (WTGs) of S144 series with hybrid lattice (HLT) towers, each rated at a 3.15 MW capacity. The power generated will be used at steel plants in Chhattisgarh and Odisha, Suzlon said without disclosing the exact value of the multi-crore order. Suzlon Group Vice-Chairman Girish Tanti said, ..

Suzlon sizzles: Shares gain over 4% on project deal with Jindal Renewables

The uptick in Suzlon's share price followed the news that the company and Jindal Renewables have expanded their partnership with an additional 302.4 MW wind project

Wind energy at its peak, with 8 more years of growth: Suzlon Group CEO

Chalasani speaks about the prospects of the Indian wind energy sector, opportunities in defence and railways, and Suzlon's strategies to maintain its leadership

Suzlon Q2 results: Net profit jumps to Rs 201 cr, income at Rs 2,121 cr

Renewable energy solutions provider Suzlon's consolidated net profit almost doubled to Rs 201 crore in the September quarter compared to the year-ago period. The company reported a consolidated net profit of Rs 102 crore in the quarter ended on September 30, 2023, a statement said. Total income rose to Rs 2,121.23 crore in the second quarter of 2024-25 from Rs 1,428.69 crore in the same period a year ago. Girish Tanti, Vice Chairman, Suzlon Group, said, "Our core business is now on solid foundation to capitalise on the market momentum." Himanshu Mody, Chief Financial Officer of Suzlon Group, said, "In a relatively challenging environment due to prolonged heavy monsoons, we have been able to deliver consistent growth with robust margins and 96 per cent YoY profit. We are making long-term investments by implementing a slew of strategic measures to enhance our organisational capabilities and grow the business sustainably. This strategy will also help us in driving our competitiveness

Suzlon secures India's largest wind energy order from NTPC Green

The 1,166 MW energy project will serve three million households upon completion

Suzlon Energy extends rally, zooms 50% in 1 month on strong Q1 results

Suzlon share price today news: Suzlon shares were locked at 5-per cent upper circuit in the intraday trade

Suzlon buys majority stake in Renom to strengthen renewable energy services

Renom currently manages 1,782 megawatts (MW) in wind, 148 MW in solar, and 572 MW in balance of plant energy (BOP) under maintenance

This renewable energy solutions provider stock has zoomed 625% in 15 months

Suzlon Energy rallied 5% to Rs 57.82, hitting an over 13-year high on the BSE in Tuesday's intra-day trade after the firm reported highest quarterly EBITDA in 7 years at Rs 370 crore in Q1FY25.

Suzlon secures 103.95 MW wind project from AMPIN Energy Transition

Renewable energy solutions provider Suzlon Group on Tuesday said it has secured a 103.95 MW wind project from AMPIN Energy Transition. As part of the agreement, Suzlon will supply wind turbines and execute the project, including erection and commissioning, at Fatehgarh district of Rajasthan, a company statement said. Suzlon will install 33 wind turbine generators with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. It will also undertake comprehensive operations and maintenance services post-commissioning. The project is part of the hybrid project under various bids from SECI and C&I (Commercial & Industrial) customers. A project of this size can provide electricity to 85,000 households and curb 3.38 lakh tonne of CO2 emissions per year. Vivek Srivastava, CEO, India Business, Suzlon Group, said: "Suzlon and AMPIN Energy Transition are committed to the expansion of renewable energy in India. Going forward, we will see the industry add on increasing ...

Suzlon denies any financial irregularity as independent director quits

Renewable energy solutions provider Suzlon Energy on Monday clarified that there are no financial irregularities or compliance violations within the organization, following the resignation of its independent director Marc Desaedeleer. Desaedeleer resigned on Saturday and raised corporate governance issues within the company in his resignation on June 8, 2024, as per a BSE filing. In the resignation Desaedeleer said, "I am very pleased with the operational and financial performance recorded by the company over the last eighteen months. But, over the same period and including recently, several situations occurred where the corporate governance standards applied by the company did not meet my expectations including situations where communications lacked the level of openness and transparency, I would have liked to see." He further said "we discussed several of these situations, some were shared with board members, and I sent you recently a note covering these situations with the hope .

Suzlon Group gets 82 megawatt wind energy project from Oyster Green

Suzlon Group on Friday said it has secured a wind energy project of about 82 megawatt (MW) from Oyster Green Hybrid One Pvt Ltd. It will install 26 wind turbine generators (WTGs), each having a rated capacity of 3.15 MW at Oyster Green's site at Agar in Madhya Pradesh, the company said in a statement. "Suzlon secures a new order of 81.9 MW for the 3 MW series from Oyster Green Hybrid One Private Limited," it said. As part of the agreement, Suzlon will supply the wind turbines and execute the project, including erection and commissioning. The company will also undertake comprehensive operations and maintenance services post commissioning. "The electricity generated from this project will target the C&I customer segment, creating a deeper penetration of renewable energy in India. We are committed to powering the industry with sustainable green energy to power their progress while meeting their net-zero ambitions," Vivek Srivastava, Chief Executive Officer, India Business, Suzlon ...

Suzlon secures 72.45 MW wind power project from Juniper Green Energy

Renewable energy solutions provider Suzlon Group on Thursday said it has secured a 72.45 MW wind power project from Juniper Green Energy Pvt Ltd. As part of the project, Suzlon will install 23 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 Megawatt (MW) each at the client's site at the Dwarka district in Gujarat, a company statement said. The company will supply the wind turbines (equipment supply) and execute the project with a scope of supply, supervision, and commissioning. Additionally, Suzlon will undertake post-commissioning operation and maintenance services, according to the statement. JP Chalasani, Chief Executive Officer, Suzlon Group, said, "we are delighted to announce our third order with Juniper Green Energy Private Limited in just a few months." A project of this size can provide electricity to 59,000 households and curb 2.35 lakh tonnes of CO2 emissions per year.

Suzlon bags 642 MW project from ACPL to set wind turbines in Andhra

Renewables solutions provider Suzlon Group on Tuesday said it has bagged a 642-MW wind power project from an Evren company, ABC Cleantech Private Limited (ACPL). Evren is a joint venture in India between Brookfield and Axis Energy. As part of the order, Suzlon will install 214 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each in Andhra Pradesh, a company statement said. "Suzlon is committed to partnering with Evren to enhance their green energy portfolios while helping advance India's renewable energy goals," Girish Tanti, Vice Chairman, Suzlon Group said in the statement. Evren is the new development platform launched by Brookfield in India as a joint venture with Axis Energy. Evren has an initial target to build over 6 GW of renewable energy assets in the next 2-3 years in the most resource-rich states in India. JP Chalasani, Chief Executive Officer, Suzlon Group, said in the statement, We are happy to announce our first o

Suzlon Energy appoints Sairam Prasad as CEO of wholly-owned subsidiary SGSL

Suzlon Energy Ltd on Tuesday announced the appointment of Sairam Prasad as the CEO of its wholly-owned subsidiary Suzlon Global Services Limited (SGSL). His appointment is with effect from January 16, the company said in a regulatory filing. "Sairam Prasad has been appointed as the Chief Executive Officer of SGSL, a wholly-owned subsidiary of the company...and has been designated as one of the SMPs (senior managerial personnel) of the company," it said. The company further said Ishwar Chand Mangal, the existing Chief Executive Officer of SGSL and one of the SMPs of the company, will now act as CEO New Business reporting to the group chief executive officer. He has also been appointed as the non-executive director of SGSL with effect from February 1, 2024. Pune-based Suzlon Group is one of the leading renewable energy solutions providers in the world, with more than 20 GW of wind energy capacity installed across 17 countries.

Envision Energy to supply 100 turbines for 300 MW wind project in Karnataka

Envision Energy on Monday said it will supply around 100 turbines of 3.3 MW for a 300-MW offshore wind project coming up in Karnataka. The project will be set up by investment fund Copenhagen Infrastructure Partners (CIP) for Viviid Renewables (Viviid) in the southern state under a partnership, Envision Energy said. "CIP has signed a turbine supply agreement for the EN 156 3.3 MW turbines with Envision Wind Power Technologies India. Viviid will provide balance-of-plant works and services and hold minority ownership in the project," it said. In the statement, Envision Energy did not disclose any financial information with respect to the project. Envision will supply turbines in the range of 95-100 for the project expected to be completed by end of 2025. "We look forward to continuing the successful collaboration and realizing these projects which contribute to local growth and job creation while delivering attractive returns for our fund investors," Peter Sjntoft, Associate Partner