Suzlon Secures 170 MW Wind Order from AMPIN Energy; Stock Rises 3%

Suzlon Energy, a leading global renewable energy solutions provider, recently announced a significant new 170.1 MW wind power project in Kurnool, Andhra Pradesh. This latest order, received on Friday, June 20, marks the third successive contract from AMPIN Energy Transition, bringing the total capacity awarded by AMPIN to Suzlon to 303 MW.

Initial Project Announcement and Immediate Market Impact

Following the announcement, Suzlon's shares experienced an initial upward movement, climbing nearly 3% in intraday trade on June 20. The stock hit a high of ₹64.26 apiece, effectively ending a three-day losing streak. As of 1:20 PM, the stock is trading at ₹64.35, with an increase of 2.96%.

Strategic Project Scope and Technology

Under the terms of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs). Each WTG features Hybrid Lattice Towers (HLT) and is rated at a capacity of 3.15 MW. The project’s scope is comprehensive, encompassing complete execution from equipment supply and installation to commissioning, as well as providing long-term operations and maintenance services.

Record Deliveries and Robust Order Book Growth

Suzlon has demonstrated strong operational performance, achieving a record quarterly delivery of 573 MW in Q4 FY25. This contributed to total deliveries of 1.55 GW for the full FY25. The company's order book has reached an all-time high of 5.6 GW, with the S144 platform alone accounting for over 5 GW, solidifying Suzlon's market leadership in India.

Strong Financial Performance Underscores Health

Financially, Suzlon reported a substantial increase in net profit for FY25, which jumped to ₹2,072 crore from ₹660 crore in FY24. This significant growth was driven by a ₹10,851 crore rise in revenue. The WTG business constituted the majority of the FY25 revenue at 78%, with the remaining portion derived from the Operations and Maintenance Services (OMS) business. Furthermore, the company's net cash position notably improved to ₹1,943 crore as of March 2025, marking an increase of ₹836 crore compared to December 2024.

Manufacturing Expansion and Ecosystem Investment

To support India's ambitious wind energy goals, Suzlon has expanded its manufacturing capabilities. The company added 10 new production lines for its S144-3.X MW series and completed nacelle expansions at its facilities in Daman and Pondicherry. Suzlon also plans to continue investing in a robust local manufacturing and supply chain ecosystem.

Promoter Block Deals and Shareholding Shifts

Further contributing to market focus, the company's shares were recently in attention due to block deals where promoters sold 19.8 crore shares worth over ₹1,300 crore at an average price of ₹66.05 per share. Notable institutional buyers in these transactions included Goldman Sachs, Motilal Oswal, Societe Generale, ICICI Prudential, and Bandhan MF. As of the end of the March quarter, India's Mutual Funds held a 4.17% stake in Suzlon Energy, while promoters held just over 13%.

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