Suzlon Share Price Rebounds from Day's Low Following Announcement of Growth Plan

Suzlon Embarks on Transformative Growth Phase with Ambitious 10 GW Renewable Energy Sales Target

Suzlon Energy, India's first full-stack renewable energy company, has announced its growth ambition of 10 GW Renewable Energy sales and 70 GW of Asset Under Management (AUM) as part of its transformative growth phase, Suzlon 2.0. By FY31, the company aims to expand annual renewable energy sales fourfold to 10 GW, grow its orderbook to 15 GW, and scale its AUM fourfold to 70 GW, building a strong annuity-led business.

The growth will be supported by a ~40% market share in India's wind market, 3 GW export order intake, and a shift towards a higher-value mix by targeting a ~60% volume contribution from RE DevCo. Suzlon launched RE DevCo, India's first integrated renewable energy co-development platform, which is expected to contribute ~60% of volumes. RE DevCo will be the growth engine of Suzlon 2.0, with the company targeting 60% of its volume contribution from the platform, leading to 40% market share in the Indian wind market.

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Suzlon 2.0 will encompass all technologies, including Wind, Solar, BESS, and Energy Management Service, under a single, bankable delivery model. The company's Chief Executive Officer, Ajay Kapur, has stated that Suzlon is targeting 15 GW of RE orderbook and 3 GW of export order intake by FY31.

Suzlon's share price has seen significant fluctuations in recent months. In one month, the stock has fallen 3%, but has rallied over 32% in three months. Over the past six months, the stock has gained 3%, but has fallen 20% in one year. However, Suzlon shares have delivered multibagger returns of 393% in three years, and a staggering 734% returns over the past five years. At 2:40 PM, Suzlon share price was trading 0.68% lower at ₹54.16 apiece on the BSE.