Suzlon Energy Ltd has announced its third consecutive order from Ampin Energy Transition, marking a significant milestone in the renewable energy sector. The new contract involves the supply of 170.1 MW of wind power capacity for a project in Kurnool, Andhra Pradesh. This brings the total order volume from Ampin to 303 MW, underlining continued trust and collaboration between the two companies.
As part of the agreement, Suzlon will deliver 54 wind turbines of its S144-3.15 MW series using Hybrid Lattice Tubular (HLT) tower technology. The scope of work includes equipment supply, installation, commissioning, and long-term operations and maintenance. The turbines will be manufactured domestically at Suzlon’s facilities in India, aligning with the government’s Make in India initiative.
Following the announcement, Suzlon’s shares rose nearly 3 percent, reaching Rs 64.26 on the BSE. The stock has seen an overall gain of about 31 percent in the last year, although it remains below its recent high of Rs 74.30 recorded in late May.
This latest development comes amid a large promoter stake sale worth approximately Rs 1,300 crore. Promoters divested around 19.8 crore shares, reducing their stake to just over 13 percent. The block deal attracted significant institutional interest, with major buyers including Goldman Sachs, Morgan Stanley, and multiple domestic mutual funds.
Suzlon’s financial performance for the fiscal year 2024-25 has been strong. The company reported a net profit of Rs 2,072 crore, up from Rs 660 crore the previous year. Total revenue stood at Rs 10,851 crore, while the company ended the year with a net cash position of Rs 1,943 crore. The order book remains robust at 5.6 GW, with the S144 platform accounting for 5 GW of it.
Brokerage firm JM Financial has maintained a ‘Buy’ rating on Suzlon, with a target price of Rs 81, citing its solid order book, improving margins, and strong execution capabilities. The company’s client base, especially in the commercial and industrial segments, continues to grow as firms seek cleaner power alternatives.
Analysts note that Suzlon’s growing order momentum, efficient project execution, and balance sheet improvements make it a key player in India’s wind energy market. However, they also caution that the impact of promoter selling and external cost pressures should be watched in the near term.
Suzlon’s focus on indigenous manufacturing, strong institutional support, and a healthy financial outlook position the company to play a leading role in India’s renewable energy transition. The latest order from Ampin Energy reaffirms its strategic growth trajectory and industry leadership.