Synergy Green Industries shares hit 52-week high as firm bags order from Adani Wind

The wind energy division of Adani New Industries awarded Synergy Green Industries a development order for 3.3 MW turbine parts on Tuesday.

The development phase is expected to be completed in Q3 of FY26, with serial production scheduled in Q4 of FY26. Synergy Green is already engaged in the serial supply of bearing housing castings for Adani’s 5 MW turbine platform.

“With this new development order, our order book with Adani Wind is projected to double—from ₹20 crores in FY 2025 to ₹40 crores in FY 2026, based on forecasted volumes,” Synergy Green said in a regulatory filing.

“We are proud to be a trusted supplier to leading global wind OEMs, and this order further reinforces our strategic positioning in the renewable energy sector,” the company further said.

At the time of writing the article, shares of Synergy Green were trading 8.68% higher on the National Stock Exchange at ₹565.45 apiece. The stock had hit its 52-week high on Wednesday.

For the March quarter of FY25, the company had reported an 18% increase in its net profit at ₹3.84 crore in contrast to ₹3.25 crore in the corresponding quarter of the previous fiscal year.

Its total income for Q4 FY25 stood at ₹97.91 crore, marking a jump of 17.5% from ₹83.32 crore in Q4 FY24.

For the full year the company recorded a revenue growth of 11% over the corresponding period of the previous year.

Synergy expects around 20% revenue growth for FY26, supported by robust order book projections from major OEMs in the country and benefits of capacity expansion.

Over the last five trading days, shares of Synergy Green have surged over 7%. For a month’s period, it has increased nearly 5%.

Since January 9, 2025, which is six months, the stock has soared over 33%. Year-to-date, it has gained a little over 21%.

The company’s market capitalisation stands at ₹870.41 crore.