Suzlon Wins Orders From NTPC Green, Shares Up; Time To Buy?

Share price of Suzlon today witnessed surge of 0.93% to Rs 59.84 per share as Sensex rallied 484.21 points to 80,079.80 in late afternoon trade. The company today received 1544 MW wind projects including a new 378 MW order from NTPC Green Energy Ltd (NGEL). Meanwhile, Suzlon Energy share price surged over 9% in last 1-week as Sensex gained 3.90%, BSE Capital Goods index zoomed 3.37%, BSE Industrial index rallied 3.42%, and BSE Power index soared 3.13%. The company has a market capitalisation of Rs 81,412.98 crore. The return on equity (ROE) stood at 12.36%. Life insurance corporation of India (LIC) has a stake of 1.03% in Suzlon with 139,905,986 shares of the company. It recommended a total of 4 dividends since 2006 and last dividend of Suzlon was declared in 2008. Check more details below:

Suzlon Bags Big Orders From NTPC, Consolidates Partnership With Maharatna PSU

According to the exchange filing of the company dated April 23, 2025, “Suzlon has just consolidated its largest partnership with NTPC Green Energy Ltd. (NGEL) to 1,544 MW, with a recent award win of 378 MW wind energy project. This win strengthens Suzlon’s undisputed market leadership and commitment to sustainable, large‐scale growth. As part of this contract, Suzlon will supply 120 S144 Wind Turbine Generators (WTG) with Hybrid Lattice Towers (HLT) each with a rated capacity of 3.15 MW, and also undertake foundation, erection, and commissioning for the project and will provide maintenance and services.”

Girish Tanti, Vice Chairman, Suzlon Group, said, “We are honored to be a strategic partner in NTPC’s ambitious vision to accelerate India’s clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India’s largest PSU’s renewable journey by providing high‐quality, affordable power. From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing India’s leadership in the global clean energy movement continues.”

Suzlon Energy Shares Performance

The 52-week high price of Suzlon Energy shares is Rs 86.04 per share (as on 12/09/2024) and 52-week low price is Rs 37.95 per share (as on 13/05/2024). Suzlon Energy Ltd share price gained 16.44% in last 2-weeks, slipped 13.34% in last 6-months, and offered returns of 42.70% in last 1-year. In last 2-years, the scrip offered massive returns of 648.43% and surged 2150.94% in last 5-years.

Suzlon Shares Price Target

Leading brokerage firm Geojit Financial Services suggested buy call with target price of Rs 71 per share.

About

Founded in 1995, Suzlon is one of the leading global renewable energy solution providers. Over the past two decades, Suzlon has installed over ~20.9 GW of wind energy in 17 countries across six continents. The Suzlon Group comprises of Suzlon Energy Limited and its various subsidiaries. The Group’s vision for growth is driven by the concept of sustainable development. In recent years, Suzlon has developed strong competencies in solar power too and plans to offer Wind-Solar hybrid solutions, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Geojit Financial. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.