Mumbai: Suzlon Energy shares, which have given Bumper returns in the last 1-2 years, are expected to rise as the company has bagged 1,166 MW wind energy order from NTPC Green Energy, the renewables arm of India’s largest energy conglomerate NTPC Limited. Suzlon shares were trading at Rs 75.34 on NST at 12:06 pm. The energy stock has gained over 90 per cent in the last six months and more than 210 per cent in the past 1 year.
Suzlon released a statement confirming, it will “install a total of 370 wind turbine generators (WTGs) of S144 equipped with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at two projects of NTPC Renewable Energy Limited (a wholly-owned subsidiary of NGEL) and one project of IndianOil NTPC Green Energy Pvt Ltd (a group company of NGEL) in Gujarat.”
Highlights of the Suzlon-NTPC Green deal
India’s Largest Wind Energy order (1,166 MW)
To install 370 S144 WTGs with a rated capacity of 3.15 MW each
The project to be executed across 3 sites in Gujarat
Electricity Generated will power 3 million households
The mega order helped Suzlon’s cumulative order jump to around 5 GW as of September 3, 2024.
“We are delighted to partner with NTPC Green Energy Ltd, the renewables arm of India largest utility NTPC Ltd, in our capacity as the nation’s premier Wind Energy Original Equipment Manufacturer (OEM),” said Girish Tanti, Vice Chairman, Suzlon Group.
With a largest service portfolio of over 14.8 GW in wind energy assets, Suzlon is India’s No 1 wind energy service company. Headquartered in Pune, Suzlon Group is one of the leading renewable energy solutions providers in the world and has its presence in 17 countries.
Suzlon Q1 2024-25 Results
Suzlon delivered a stellar Q1 FY25 performance with 200 per cent Y-O-Y profit growth to Rs 302 crores.
Particulars
Q1 FY25 unaudited
Q1 FY24 unaudited
Q4 FY24 Unaudited
FY24 Audited
Net Volumes (MW)
274
135
273
710
Net Revenue
2016
1348
2169
6497
EBITDA
370
199
357
1029
EBITDA Margin
18.40%
16.80%
14.40%
15.80%
Net Finance Cost
22
51
33
126
Net Profit After Tax
302
101
254
660
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Suzlon has bagged 1,166 MW wind energy order from NTPC Green Energy. Suzlon delivered a stupendous Q1 FY25 Results with 200 percent year-on-year profit growth. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
