Suzlon Energy Shares Surges 3.40% to ₹41.30

Key Highlights

• Suzlon Energy shares reached a day's high of ₹41.30 on March 24, a 3.40% intraday surge
• The company announced its sixth wind energy project of 100 MW from Gas Authority of India Limited (GAIL)
• The project marks the fourth PSU order won by Suzlon Energy in the ongoing fiscal year

Project Details

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• Suzlon Energy will install 47 state-of-the-art S120 wind turbine generators (WTGs), each rated at a capacity of 2.1 MW
• The company will supply wind turbines, oversee equipment installation, and execute the project, including erection and commissioning
• Comprehensive operations and maintenance services will be provided post-commissioning

Market Performance

• Suzlon Energy shares have fallen 40.3% over the last nine months, with eight consecutive months in the red
• The stock has declined 15.35% in CY25, marking its first annual fall in five years
• Domestic brokerage firm Motilal Oswal has reiterated its 'Buy' call on Suzlon Energy, with a target price of ₹74 per share

Order Book and PSU Segment

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• Suzlon Energy has secured orders from NTPC, BPCL, and AMC, with a 64% order book comprised of PSU orders
• The company re-entered the PSU segment two years ago, starting with a 1.1 GW order from NTPC Limited

Market Share and Installed Capacity

• Suzlon Energy has over 2.2 GW of installed capacity and a 38% market share in Maharashtra
• The company is working with all leading PSUs and C&Is in the country