Suzlon Energy News: Suzlon Energy Ltd is a leading wind energy company in India. Suzlon Company made headlines with major updates as vice chairman Girish Tanti has announced important updates on Suzlon Energy as well as India’s position in the wind energy sector. The Union renewable energy minister has also great news for Glgreen energy sector which will directly impact Suzlon shares. Let’s know about these key announcements and developments and its impact on Suzlon Energy Ltd.
Indian Stock Market Today
On Tuesday, February 11, the Indian stock market continued to move in a downward trend for two straight sessions. Bank nifty index closed lower with a fall of 578 points and closed at 49,403. Similarly, the Nifty 50 index declined as much as 310 points and closed 23,071.
India Achieved 100 GW Solar Energy Milestone
Recently Union renewable energy minister Prahlad Joshi announced that India achieved 100 GW of solar energy milestone. This achievement will not only push India’s renewable energy goal but also a major achievement towards country’s clean and green energy mission.
Key Highlights and Development for Future
- India achieved 100GW solar energy target as of February 7, 2025.
- India has set a target to reach 500 GW by 2030 under Prime Minister Narendra Modi’s leadership.
- Initially, India had a goal to achieve this 100 GW milestone by 2022, but the COVID-19 pandemic delayed progress.
- The NDA government has added 100 GW solar capacity from 2014 while it was just 2.82 GW between 2004-2014.
Also Read: Suzlon Energy Share Price Target From 2025 to 2050
India Could Become Global Wind Turbine Hub
Vice Chairman of Suzlon Company Mr. Girish Tanti has announced several major statements regarding the future of India in wind energy. India is a country that has potential to become a global wind turbine hub for manufacturing, said Mr. Tanti. Here’s a major highlight:
- India’s robust ecosystem and infrastructure is suitable for producing wind energy.
- The renewable energy industry is benefiting from government initiatives like the National Manufacturing Mission and many others as well.
- 64% percent of wind energy projects are local, and this percentage might rise in future.
- MSMEs, or micro, small, and medium-sized Companies, will be essential to the supply chain for wind energy.
- 10% of the world’s wind energy needs may be fulfilled by India, as we have promising export markets in Brazil, Australia, and the United States.
Government to introduce PLI Scheme for Wind Turbine Production
Mr. Girish Tanti, Vice chairman of Suzlon Energy Ltd has requested the Indian government to introduce a Production Linked Incentive (PLI) scheme for wind turbines, similar to solar energy components.
The local wind turbine production capacity has somewhat decreased from 75% to 64% due to government’s support. But if they introduce a PLI scheme like solar energy segments, it will not only help to achieve India’s renewable energy target but also increase domestic production.
Future Development Plan of Suzlon Energy Ltd
In the future, Suzlon Energy Ltd is set to expand its business in the renewable energy sector, particularly in hybrid projects that integrate both solar and wind energy with advanced energy storage solutions.
Expert View on Suzlon Energy Ltd
Wealthmill Securities’ Director of Equity Strategy, Kranti Bathini, said Suzlon’s Q3 results were outstanding, with strong increase in both revenue and profits.
However, Suzlon’s stock is still risky even with solid fundamentals, therefore investors with a higher risk tolerance should consider investing in the stock.
Suzlon Energy Stock Performance
Suzlon Energy stock price is currently Rs 52.09 on NSE. Talking about Suzlon Share Performance, this renewable energy stock has delivered negative returns of nearly 9% in the last 5 trading sessions, as per the data available on NSE. In the last 6 months, the stock has delivered negative returns of 35.18% however it has given decent returns nearly 16% in the last one year.
Suzlon Company was continuously hitting upper circuit following strong quarterly results, however now the stock has experienced correction due fluctuations in the Indian stock market. Investors are concerned about sustainability despite strong revenue and profit growth.
Final Words
Suzlon Energy is experiencing significant growth in the renewable energy sector. Backed by strong order book and financial performance, Suzlon Company poised for significant growth in the future. Additionally, the government’s push for the development of renewable energy will give a major boost for the growth of the company.
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