Highest‐ever order book of 5.7 GW: Renewable Energy Solutions Provider Wins Repeat Order from Oyster Renewable Worth 201.6 MW in Less Than 9 Months

The stock gave multibagger returns of 450 per cent in 2 years and a whopping 2,200 per cent in 5 years.

Suzlon Group, India’s largest renewable energy solutions provider, has secured a repeat order of 201.6 MW from Oyster Renewable, reinforcing its position in India’s wind energy sector. With this addition, Suzlon’s total partnership with Oyster Renewable has reached 283.5 MW in Madhya Pradesh within nine months. This expansion will enhance the state’s renewable energy infrastructure and support India’s clean energy transition. The order also reflects the rising demand for wind energy solutions among Commercial & Industrial (C&I) consumers, who now contribute 59 per cent of Suzlon’s total order book.

The project will be executed in Madhya Pradesh, where Suzlon will supply 64 advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each having a rated capacity of 3.15 MW.

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.  More  customers  are  choosing  us  for  our  end‐to‐end  expertise,  from  land  acquisition  and seamless project execution to world‐class O&M services that maximise power generation and extend the turbine lifespan. At Suzlon, we don’t just build projects, we create long‐term value for a cleaner, greener future.”

JP  Chalasani,  Chief Executive Officer, Suzlon Group,  said,  “Madhya  Pradesh  has  become  a key wind  energy hub, and we are proud to continue contributing to the state’s renewable journey. This is our 5th  repeat order this year which shows Suzlon’s focus on customer centricity, helping us grow consistently. It also reinforces our commitment to powering a sustainable future with innovative and reliable wind  energy solutions.

Siddharth Bhatia, Managing Director, Oyster Renewable, said, “Backed on the success of our earlier partnership,  we  look  forward  to  collaborating  with  Suzlon  once  again  to  drive  collective  vision  for renewable energy in India. Leveraging cutting‐edge technology, this project is a step forward in our vision to  deliver  round‐the‐clock  energy.  And  we  aim  to  continue  exploring  such  partnerships  to  contribute significantly towards India’s 2030 renewable energy goal of 500 GW capacity. Building on its renewable energy capacity, Oyster Renewable remains committed to providing cost‐effective solutions for delivering renewable energy power.

compared to Rs 2,103.38 crore in September 2024 and Rs 1,560.47 crore in December 2023. This reflects a year-on-year growth of 90.64 per cent and a quarter-on-quarter growth of 41.43 per cent.

The net profit for December 2024 stood at Rs 386.92 crore, up from Rs 200.20 crore in September 2024 and Rs 203.04 crore in December 2023, marking a year-on-year growth of 90.56 per cent and a quarter-on-quarter growth of 93.27 per cent. The net profit margin remained at 13.01 per cent in December 2024, the same as in December 2023, while it was 9.52 per cent in September 2024.

Suzlon Energy Ltd is a mid-sized company in the power sector, listed on the Bombay Stock Exchange (BSE) & National Stock Exchange (NSE) with a market capitalization surpassing Rs 70,000 crore. The company is also included in the BSE's Power Index, reflecting its focus on the power industry. The stock gave multibagger returns of 450 per cent in 2 years and a whopping 2,200 per cent in 5 years.

Investors can keep this Mid-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.