Suzlon Energy gains 2% on securing biggest order of FY26; check key details

The renewable energy firm bagged an 838 MW order with Tata Power Renewable Energy Limited (TPREL) as part of its Firm and Dispatchable Renewable Energy (FDRE) project.

This is also Suzlon’s second-largest order ever, following the 1,544 MW order from NTPC Green Energy, and demonstrates the growing role of FDRE projects in accelerating India’s energy transition, the company said.

The 838 MW project will comprise 266 of Suzlon’s S144 wind turbines, each with a rated capacity of 3.15 MW, strategically located across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW). The project is part of the FDRE bids awarded to SJVN and NTPC.

"As Tata Power Renewable Energy embarks on a strategic transformation to achieve 100% clean power by 2045, we're proud to support this ambitious journey with our advanced, 'Made in India' wind technology. Our partnership, spanning over a decade and marked by the third repeat order, underscores our shared commitment to India's energy transition," said Girish Tanti, Vice Chairman, Suzlon Group.

At 10 AM, shares of Suzlon Energy were trading at ₹58.55 apiece, gaining 0.83%.

The company further said that the collaboration brings together Suzlon’s advanced technology and Tata Power’s goal of providing scalable, grid-connected clean energy solutions. It shows how “Made in India” innovation can offer reliable and efficient power for the country.

Suzlon Energy is a leader in wind energy in India, which is the world’s fifth-largest wind energy market. The company is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy all over the world.

The renewable energy firm had posted a 54% year-on-year (YoY) increase in consolidated revenue from operations at ₹3,117 crore for the quarter ended June 30, 2025, as compared to ₹2,016 crore in the same period last year.

The sharp jump in revenue was largely boosted by a 67% growth in the wind turbine segment at ₹2,496 crore during the quarter. In addition, the foundry and forging revenue also surged to ₹149 crore from ₹91 crore.

Suzlon Energy’s net profit for the quarter rose 7.2% to ₹324 crore YoY as against ₹302 crore in the corresponding quarter of FY25.

On the operational front, the company’s earnings before interest, taxes, depreciation & amortisation (EBITDA) for the quarter increased 60% to ₹585 crore in Q1 FY26 as compared to ₹364 crore on the back of a positive inventory adjustment worth ₹550 crore.

The EBITDA margin for the quarter also expanded by 70 basis points (bps) to 18.78% in the reporting quarter.