Wind Energy Stock Under Rs 80 In Focus As Company Announces India's Largest Wind Energy Order of 1,166 MW from NTPC Green Energy Ltd

The stock gave multibagger returns of 210 per cent in 1 year and a whopping 2,785 per cent in 5 years.

Suzlon Secures India's Largest Wind Energy Order

Suzlon Energy Ltd, a leading renewable energy solutions provider, has bagged a significant order for 1,166 MW of wind energy from NTPC Green Energy Limited (NGEL), the renewables arm of India's largest energy conglomerate, NTPC Limited. This marks the largest single wind energy order in India and underscores Suzlon's position as a key player in the country's renewable energy landscape.

Project Details and Impact

The project entails the installation of 370 S144 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW. These WTGs will be equipped with Suzlon's advanced Hybrid Lattice Tubular (HLT) towers, known for their durability and efficiency. The project will be executed across three sites in the state of Gujarat, and the generated electricity will power approximately 3 million households. Notably, this is the first project of this scale to be undertaken by a public sector undertaking (PSU) in India, significantly boosting NGEL's wind energy portfolio.

Suzlon's Growth Trajectory

This landmark order comes on the heels of Suzlon's strong financial performance in the first quarter of fiscal year 2025. The company's order book now stands at close to 5 GW, reflecting its growing market share and robust business outlook. The partnership with NTPC Green Energy Limited further solidifies Suzlon's position as a preferred choice for large-scale renewable energy projects in India. As the country accelerates its transition towards cleaner energy sources, Suzlon is well-positioned to capitalize on the growing demand for wind energy solutions.

About the Company

Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. Operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears and nacelles. Apart from manufacturing, it offers a full gamut of wind project planning and execution services, including wind resource assessment, infrastructure and power evacuation, technical planning and execution of wind power projects. It also offers O&M services in India and overseas countries.

Results: According to Quarterly Results, the net sales increased by 50 per cent to Rs 2,021.6 crore and net profit increased by 200 per cent to Rs 302.3 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 9.4 per cent to Rs 6,529.1 crore and net profit decreased by 77 per cent to Rs 660.35 crore in FY24 over FY23. The company maintained a robust financial position with a net cash balance of Rs 1,197 crore as of June 30, 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 1,00,000 crore. The company is also included in the BSE's Power Index, reflecting its focus on the power industry. As of June 30, 2024, Suzlon has a healthy order book of 3,800 megawatts, indicating upcoming projects and potential revenue generation. In June 2024, FIIs bought 27,17,11,310 shares and increased their stake to 21.53 per cent and DIIs increased their stake to 9.17 per cent stake compared to 19.57 per cent and 6.30 per cent respectively, in March 2024.The stock gave multibagger returns of 210 per cent in 1 year and a whopping 2,785 per cent in 5 years. Investors should keep an eye on this mid-cap power stock.

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