Penny stock under Rs 100: This wind energy stock bags new order for 100.8 MW from Sunsure Energy!

In Q3FY25, Suzlon achieved a record quarterly delivery of 447 MW, marking a significant 163% year-on-year increase.

Suzlon Energy, a leading renewable energy solutions provider in India, today announced a significant new order win from Sunsure Energy, an Independent Power Producer (IPP). The order entails the development of a 100.8 MW wind power project on an Engineering, Procurement, and Construction (EPC) basis. This marks Sunsure Energy's maiden venture into the wind energy sector, highlighting Suzlon's pivotal role in facilitating renewable energy adoption among large corporations and supporting India's ambitious clean energy targets.

Under the agreement, Suzlon will supply 48 units of its latest generation S120 wind turbine generators (WTGs), each with a rated capacity of 2.1 MW and featuring Hybrid Lattice Towers (HLT). The scope of the order encompasses the entire project lifecycle, including the supply of wind turbines, equipment installation, as well as the complete execution of the project involving erection and commissioning in the Jath region of Maharashtra. Furthermore, Suzlon will also provide comprehensive operations and maintenance services for the wind farm post-commissioning.

This strategic order not only strengthens Suzlon's order book but also underscores its commitment to partnering with IPPs to accelerate the transition towards sustainable energy. Investors will likely view this development positively, reflecting Suzlon's continued success in securing substantial orders and its crucial role in India's burgeoning renewable energy landscape. The collaboration with a new entrant in the wind sector like Sunsure Energy also signals the growing confidence in Suzlon's technology and execution capabilities.

Suzlon Energy Limited announced a robust performance in Q3 FY25, building on its growth momentum. The company's order book reached a record high of over 5.5 GW, securing orders for the upcoming financial year with a strategic focus on high-margin projects beyond FY26. Notably, Suzlon achieved a record quarterly delivery of 447 MW, marking a significant 163% year-on-year increase. The total delivery for the first nine months of FY25 stood at 977 MW, exceeding the entire FY24 delivery of 710 MW.

Financially, Suzlon reported a consolidated revenue of ₹2,969 crores for Q3 FY25, a substantial 91% year-on-year growth. The contribution margin for the WTG segment improved to 22.7% for the nine-month period. EBITDA for the quarter reached ₹500 crores, a 102% year-on-year increase, resulting in an EBITDA margin of 16.8%. The quarterly Profit After Tax (PAT) stood at ₹388 crores, demonstrating a strong 91% year-on-year growth and highlighting a successful financial turnaround for 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. The operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears and nacelles.

Disclaimer: This article is intended for informational purposes only and should not be considered as investment advice.