Multibagger Renewable Energy Giant Secures 378 MW Order from NTPC Green; Total Orders from NTPC Green Reach 1,554 MW

The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years.

Suzlon Energy Limited received a major wind energy project worth 378 MW from NTPC Green Energy Ltd. (NGEL) which increased their partnership value to 1,544 MW. The new project order confirms Suzlon Energy's position as a major force in India's renewable energy market with emphasis on wind energy. The project location is Gadag region of Karnataka where Suzlon will supply 120 S144 Wind Turbine Generators that produce 3.15 MW each. Suzlon Group will handle the foundation installation as well as erection and commissioning and maintenance work on the project.  The company has built more than 20.9 GW of wind power plants in 17 countries while continuing to advance wind turbine technology and sustainable development.

Girish  Tanti,  Vice  Chairman,  Suzlon  Group, said, "We are honoured to be a strategic partner  in  NTPC's ambitious vision to accelerate India’s clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India’s largest PSU's renewable journey by providing high‐quality, affordable power. From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing India’s leadership in the global clean energy movement continues."

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Securing major and high‐quality projects in the  PSU  sector  is  a  key  part  of  our  growth  strategy,  and  our  order  with  NGEL  highlights  the  success  of  this  approach. It shows our ability to deliver reliable solutions while supporting India’s clean energy goals. This  partnership strengthens our role as a trusted partner in India’s renewable energy journey.” 

Suzlon Energy Limited operates as a major global renewable energy solution provider which specializes in manufacturing and installing and maintaining wind turbine generators (WTGs). The company operates through a vertically integrated business model where it produces rotor blades towers and generators. Suzlon operates more than 111 wind farms worldwide with 20 GW of wind energy capacity spread across 17 countries. The company serves major power utilities as well as electricity producers in both the private and public sectors.

The company offers advanced wind turbines such as the S144 and S133 models which operate in various wind conditions. The company generated 94 per cent of its revenue through domestic sales while international markets contributed to the remaining revenue in FY22. Suzlon implemented extensive debt restructuring and conducted rights issues to improve its financial standing. The organisation carries out strategic mergers and demergers to enhance its operational performance.

As of April 23, 2025, Suzlon Energy Limited trades at Rs 58.27, having touched a 52-week high of Rs 84.7 and a low of Rs 39. The company holds a market capitalisation of Rs 80,924 crore. Over the past year, the stock has gained 45.07 per cent, while its three-year return stands at 438.51 per cent. The stock is currently valued at a Price-Earnings (PE) ratio of 71.91. Among the key public shareholders are Belgrave Investment Fund (1.87 per cent), Cannon Realty Pvt. Ltd. (1.77 per cent), Aditya Thermal Energy Private Limited (1.29 per cent), Amrik Singh and Sons Crane Services Private Limited (1.06 per cent), and Aditya Medisales Ltd (1.02 per cent).

The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years. Investors should keep an eye on this multibagger stock under the radar.

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