Suzlon Energy shares gain over 3% as firm bags sixth order from GAIL; here is what investors should know

“Enhancing its strategic focusing the PSU segment, Suzlon Group, India’s leading renewable energy solutions provider, today announced its sixth wind energy project of ~100 MW from Gas Authority of India Limited (GAIL),” the company said in a regulatory filing.

Suzlon Energy said it is the firm’s fourth PSU order for the financial year 2026.

The power generated from this project will support the decarbonisation of GAIL’s upcoming petrochemical plant in Nandurbar, Maharashtra. With over 2.2 GW of installed capacity and a ~38% market share in Maharashtra, Suzlon has played a key role in the state’s growth as one of India’s leading renewable energy hubs.

Suzlon will install 47 S120 wind turbine generators (WTGs), each rated at a 2.1 MW capacity for this project.

The company will supply wind turbines, oversee equipment installation, and execute the project, including erection and commissioning, while providing comprehensive operations and maintenance services post-commissioning.

“We have worked over the years in Gujarat, Tamil Nadu and Karnataka and are now extending this partnership with a maiden order in Maharashtra. Two years ago, we re-entered the PSU segment, starting with a 1.1 GW order from NTPC Limited. Today, PSU and C&I constitute over 64% of our order book, and we are working with all the leading PSUs and C&Is in the country,” said Ajay Kapur, Chief Executive Officer, Suzlon Group.

Suzlon Energy share price

Following the development, shares of Suzlon Energy were trading at ₹40.38 apiece on NSE, gaining 1.1%.

Over a month’s time, the stock has slipped over 9%, while it has fallen 30% in the past six months. On a year-on-year basis, shares of Suzlon Energy have lost 31%.

Shares of the firm had hit a 52-week high of ₹74.30 on May 30, 2025, and a 52-week low of ₹38.19 on March 9, 2026.

The company has a total market capitalisation of ₹54,927.11 crore, according to data on the NSE.

Suzlon Energy Q3 earnings

The global renewable energy solutions provider had reported a 14.83% rise in consolidated net profit at ₹445.28 crore in the third quarter ended December 31, 2025. The company posted a consolidated net profit of ₹387.76 in the corresponding period last fiscal year.

Its revenue from operations rose 42.42% YoY to ₹4,228.18 crore in the reporting quarter, compared to ₹2,968.81 crore in the year-ago period.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at ₹739 crore in the quarter under review, up 47.8% to ₹500 crore in Q3 FY25, the company said in a press release. The EBITDA margin was at 17.5% vs 16.8%.

Suzlon Energy reported its highest-ever quarterly deliveries of 617 megawatts (MW), with 2.4 GW of projects currently under execution. Its net cash position was at ₹1,556 crore as of December 31, 2025.