Suzlon Shares Jump Over 6% After 381 MW Order Win From Zelestra

Mumbai, August 1, 2025 – Shares of Suzlon Energy Ltd (NSE: SUZLON) surged 6.66% on Friday, buoyed by the company’s announcement of a major 381 MW wind energy project order from Zelestra India. The sharp upmove comes amid heavy volumes and bullish sentiment following the strategic win, which reinforces Suzlon’s leadership in Firm and Dispatchable Renewable Energy (FDRE) solutions.

The Zelestra order spans three states and includes 127 units of Suzlon’s 3 MW S144 turbines, resulting in 91% utilisation of the lifting platform. It marks Zelestra’s first FDRE (Firm and Dispatchable Renewable Energy) project in India, reinforcing Suzlon’s leadership in next-gen turbine solutions. The deal also enhances Suzlon’s order visibility amid growing demand for round-the-clock renewable power.

Trigger: 381 MW Order from Zelestra

Suzlon on Friday announced that it will supply 127 units of its 3 MW S144 wind turbines to Zelestra India and its affiliates across Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW). This marks Zelestra’s maiden foray into FDRE in India. The S144 orderbook now stands at 91% capacity, highlighting robust demand for Suzlon’s next-gen turbine platform.

Stock Snapshot

Suzlon Energy is trading at ₹65.48 as of 12:27 PM, up 6.30%. The stock sees heavy volumes of 1,352.15 lakh shares, with traded value at ₹876 crore. VWAP at ₹64.79 signals steady intraday demand. Delivery volume at 42.86% points to longer-term investor interest despite higher sell quantity.

Management Commentary

“This project marks a critical shift in India’s energy landscape toward round-the-clock renewable power,” said Girish Tanti, Vice Chairman, Suzlon Group.

Strategic Outlook

The Zelestra order boosts Suzlon’s FDRE order book and strengthens its positioning in high-capacity turbine deployment. The market reads this as validation of product scalability and execution strength. Further FDRE project wins could support revenue visibility and sustain demand for Suzlon’s S144 turbine platform.

Company Backgrounds

Suzlon Energy

Suzlon Energy Ltd. is one of India’s leading renewable energy companies, specialising in wind turbine manufacturing and integrated project services. It offers end-to-end solutions, including design, installation, and maintenance. With over 21 GW installed globally, Suzlon operates in 17 countries and plays a key role in India’s energy transition.

Zelestra

Zelestra is a global renewable energy platform backed by EQT, developing utility-scale wind, solar, storage, and green hydrogen assets. It operates across India, Europe, the U.S., and Latin America. In India, Zelestra plans to deliver over 5 GW of firm and dispatchable renewable energy by 2028.

REF: https://nsearchives.nseindia.com/corporate/SUZLON1_01082025090020_Suzlon01082025.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations