Wind Turbine Casting Company Bags Order Worth Rs 64.50 Crore From Flender Drives Pvt Ltd
The stock is up by 88 per cent from its 52-week low of Rs 221.06 per share and gave multibagger returns of 465 per cent in 5 years.
Synergy Green Industries Ltd. has secured a substantial order worth Rs 64.50 crore from Flender Drives Pvt. Ltd., a leading global manufacturer of wind gearboxes. This significant contract, which will be executed over the next 12 months, represents a 116 per cent increase compared to the previous year. The orders are for critical components used in wind and industrial gearboxes, underscoring SGIL's expertise in manufacturing large-sized, intricate castings for the wind energy sector. The company's long-standing partnership with Flender Drives Pvt. Ltd., spanning over a decade, solidifies its position as a reliable supplier to the global wind OEM market.
In addition to the Flender Drives order, Synergy Green Industries Ltd. has also announced the finalization of orders worth Rs 163.74 crore from Vestas Wind Systems. These orders, covering both 2 MW and 4 MW parts, will be executed during the upcoming financial year, FY 2025-26. The orders are evenly split between domestic and export markets, reflecting SGIL's strong presence in both sectors. Vestas Wind Systems, a renowned global leader in wind energy, has been a significant contributor to SGIL's order book for nearly a decade. The company's state-of-the-art manufacturing facilities in Kolhapur, Maharashtra, equip it to produce large-scale, critical castings for wind turbine components, further cementing its reputation as a reliable supplier to major global wind OEMs.
About the Company
Synergy Green Industries Ltd is a prominent manufacturer of large-scale cast iron and steel castings, operating in India. Their products are meticulously crafted for use in various heavy engineering applications, with a particular focus on wind turbines. Known for their exceptional quality and precision, Synergy Green's castings are instrumental in supporting the renewable energy sector and other critical industries.
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With a commitment to excellence, the company has established itself as a leading player in the Indian manufacturing landscape. Their extensive experience and state-of-the-art facilities enable them to deliver castings that meet the rigorous standards demanded by modern engineering projects. Synergy Green's dedication to innovation and customer satisfaction has solidified its reputation as a reliable and trusted partner for businesses seeking high-quality castings.
The company's financial performance for the year showed a significant improvement. Revenue increased by 13 per cent year-over-year to Rs 326 crore, driven by strong growth in operating income, which reached Rs 39 crore with a 12 per cent operating profit margin. This positive trend translated to a substantial increase in net profit, which jumped to Rs 12 crore from Rs 1 crore, representing a 1,100 per cent gain. The stock is up by 88 per cent from its 52-week low of Rs 221.06 per share and gave multibagger returns of 465 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.