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About Suzlon Energy

History of Suzlon Energy

Suzlon Energy Ltd. was incorporated in 1995 by Mr Tulsi Tanti. He was primarily in the textile business when he was introduced to wind energy through a wind power project that he had commissioned for his own textile factory. Suzlon Energy first entered into a technical collaboration agreement in 1995 with a German company named Sudwind GmbH Windkrafttanlagen in order to source the latest, advanced technology for the production of WTGs or wind turbine generators in India. Over time, the company obtained licenses of different forms from multiple companies to produce special components of renewable energy devices. Suzlon has also set up technological development centres in Germany and the Netherlands through some of its wholly-owned subsidiaries. As of September 2023, the company has installed 20+ GW of wind energy in 17 countries and 111+ wind farms. Suzlon also installed India’s tallest wind turbine at 160 meters in FY 2023 so that wind energy output can be maximised in low-wind sites. Suzlon has a long list of domestic subsidiaries for different segments such as Gale Green Urja, SE Forge, etc. and foreign subsidiaries for overseas operations, such as Suzlon Energy A/S, Suzlon Energy Korea Co., etc.

Business Segments

The company introduced the concept of total solutions in wind energy projects. This means in addition to the equipment supply, the company offers associated project execution work such as land acquisition, site development, foundation, and other civil work and O&M services. Currently, Suzlon boasts a long list of global and local clients. It builds wind energy infrastructure for them. Some of the latest top clients of the company include Adani Green, GAIL, Bajaj and the Aditya Birla Group. The list of its clients mostly includes power utilities and electricity producers in both the private and public sectors. Suzlon’s product lines include the S144, S133, and S120 Wind Turbine Generators. However, it also places adequate effort into maintaining and servicing the older models. Sales of new wind turbines and their components cover a large majority of the company's revenues. Geographically, more than 90% of its revenue comes from within India. In FY 2022, the company introduced a 3 MW product series. It is a customisable platform to allow flexibility in site-specific requirements.

Key Personnel of Suzlon Energy

  • Tulsi Tanti, Founder
Mr Tanti was one of the richest energy entrepreneurs in the world who turned Suzlon into the largest wind energy company globally. Originally the owner of a small textile company, he had initially brought in some windmills to solve the problem of irregular electricity in his facility. An engineer by profession and training, he had also been the president of the Indian Wind Turbine Manufacturers Association.
  • Vinod Tanti, Chairman and MD
He is the brother of the late Mr Tulsi Tanti and is also a founding member of Suzlon Energy. He has over 34 years of experience in managing various key functions at Suzlon. He was also the Chief Operating Officer of Senvion, Germany, in 2012-13, when Senvion was a global leader in wind turbine technology. The functions handled by him in the past include efforts in wind resource assessment, acquisition, product design, supply management, etc.

Corporate Actions

  • Stock Split
Suzlon Energy has split the face value of its shares once, from ₹10 to ₹2. The share became ex-split on January 21, 2008.
  • Rights Issue
Suzlon Energy issued a rights share with the ex-rights date on October 3, 2022, in the ratio of 5:21 at a premium of ₹3 per share. Before that, it had also announced a rights issue with an ex-date on June 9, 2010.
  • Mergers and Acquisitions
In 2016, Suzlon acquired 5 solar energy companies, viz. Gale Solarfarms, Tornado Solarfarms, Abha Solarfarms, Aalok Solarfarms and Shreyas Solarfarms. In 2015, Suzlon sold 23% of its shares to Dilip Sanghvi Family and Associates. In 2007, it bought Senvion, a German wind turbine manufacturer and turned it into a subsidiary. However, it sold the company in 2015. In 2006, it bought Belgium-based Hansen, the second-largest maker of wind turbine gearboxes in the world, for $565 million.

Financial Highlights

  1. From having incurred a net loss of ₹2,692 crore in March 2020, Suzlon went on to earn a net profit of ₹2,887 crore in March 2023.
  2. As of September 2023, the company has a high debt-to-equity ratio of 1.76.

Parent Organisation
Indian Private
Managing Director
VINOD RANCHHODBHAI TANTI
Founded
1995
NSE Symbol
SUZLON

Peer Comparision

StocksLTP (₹)Market Cap (cr)52 Week Low-High (₹)

Community Discussion

A
AngelOne
5th July 2024
Suzlon Energy shares surge over 4% to the highest level in 14 years Suzlon Energy shares jumped over 4% to Rs.56, the highest since June 2010, driven by strong orders and positive market sentiment, with a 2024 gain of 45%. Suzlon Energy Ltd. saw its shares jump over 4% today, hitting an impressive intraday high of Rs.56.49. This marks the highest the stock has been since June 2010, signaling a comeback for the company. Dividend Hopes During an earnings call recently, Suzlon’s Group CFO, Himanshu Mody, addressed questions about a potential dividend for shareholders saying “We’ve taken steps like merging our subsidiary SGSL with Suzlon Energy. We have a business plan set for FY25, so this discussion is best held around May 2025.” Securing Big Orders Suzlon Energy has been on a winning streak with new orders as the company recently secured a major order from AMPIN Energy Transition for 103.95 MW on June 11. Just before that, in late May, Suzlon landed three more orders from Juniper Green, Aditya Birla Group, and Oyster Green Hybrid. Analysts are bullish on Suzlon. All five analysts who cover the stock have a “buy” rating and with the stock trading close to these targets, it shows strong market confidence in Suzlon’s future. 2024 Performance Currently, Suzlon shares are trading around 4% higher at Rs.56 as the stock hit a high of Rs.56 and a low of Rs.53.4 for the day. The market capitalization for the day stood at Rs.73,662.94 crore. The stock’s 52-week high was recorded at Rs.56.49, while the 52-week low was Rs.16.65. Additionally, the BSE volume for the day saw 4,479,735 shares traded. The stock has climbed an impressive 45% so far in 2024, and more than 1000% in the past five years reflecting growing confidence in the company’s performance. Conclusion: Looking ahead, Suzlon Energy's surge in stock price is a testament to its various initiatives and positive market sentiment. With growing orders and a solid business plan, Suzlon seems well-positioned for growth in the renewable energy sector in the coming years. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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AngelOne
14th June 2024
Suzlon appointed Khaitan and Co for Corporate Governance Evaluation Suzlon Energy Limited has decided to appoint Khaitan and Co., an eminent law farm in India for the evaluation of its corporate governance practices. Suzlon Energy is an Indian Multinational wind turbine manufacturer founded in 1995, It is headquartered in Pune. It is a pioneer in the field of wind energy, it currently has a presence in 17 countries and has installed over 12,860 wind turbines across 6 continents. Suzlon Appoints Khaitan & Co. Gautam Doshi, the chairman of Suzlon Energy’s audit committee, has decided to engage Khaitan & Co, a prominent law firm in India, to conduct a comprehensive review. This decision was disclosed in an exchange filing on June 13, Thursday, after market hours. The filing also noted that Doshi has accepted the responsibility of assessing corporate governance practices at the request of Vinod Tanti, the chairman of Suzlon Energy. To ensure a thorough evaluation, the company may appoint additional advisors as necessary to assist in the process. This initiative underscores Suzlon Energy’s commitment to enhancing its governance standards and maintaining transparency. Recent Resignation of Marc Desaedeleer Earlier this week, Suzlon’s Independent Director, Marc Desaedeleer, resigned, citing concerns about communication and transparency within the company’s governance. Despite his departure, the company emphasized that his resignation was not related to any financial or operational discrepancies. Suzlon acknowledged the issues raised by Desaedeleer and pledged to address and improve the areas of concern. The company is committed to enhancing its governance practices to ensure better communication and transparency moving forward. Conclusion The appointment of Khaitan & Co. to conduct a comprehensive review of Suzlon Energy’s corporate governance practices, led by Gautam Doshi, signifies a proactive approach towards enhancing transparency and accountability within the company from Suzlon. This decision, backed by the chairman Vinod Tanti, reflects Suzlon’s commitment to addressing governance concerns and improving its practices. The inclusion of additional advisors as needed further highlights the company’s dedication to robust oversight. By taking these steps, The stock of Suzlon Ltd. currently trades flat at Rs.49.80 a piece. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Suzlon Share Price Today - Suzlon Energy Stock Price Live NSE/BSE Suzlon Energy Share Price - Get Suzlon Energy Ltd Live NSE/BSE Stock Price, latest research reports, balance sheet and stock price history at Angel One.
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AngelOne
22th May 2024
Suzlon Hits Upper Circuit on Order Win: Will It Touch Rs 50 Mark Soon? As India’s largest renewable energy solutions provider, Suzlon Group secured new order wins to develop 402 MW wind energy projects for Juniper Green Energy. Indian markets experienced high volatility on Wednesday, with key benchmark indices trading flat and recording only minuscule gains. However, one stock that stood out amidst the turbulence was Suzlon Energy. Suzlon Energy on the Rise Suzlon Energy saw a significant boost, hitting the upper circuit limit of 5% on Wednesday. The key driver behind this surge is the company’s recent announcement of a new order for developing 402 MW wind energy projects for Juniper Green Energy. A Major Win for Suzlon Group As India’s largest renewable energy solutions provider, Suzlon Group secured new order wins to develop 402 MW wind energy projects for Juniper Green Energy. The project involves the installation of 134 wind turbine generators (WTGs) with Hybrid Lattice Tubular (HLT) towers, each with a rated capacity of 3 MW, at the Suzlon proposed site in Fatehgarh, Rajasthan. Repeat Orders and Comprehensive Services These are repeat orders from Juniper Green Energy for Suzlon’s larger rated 3 MW, S144‐140m turbines from the 3 MW product series. Under the agreement, Suzlon will supply the wind turbines and manage the project, including foundation, erection, and commissioning. Post-commissioning, Suzlon will also provide comprehensive operations and maintenance services. About Juniper Green Energy Juniper Green Energy is an independent renewable energy power producer, specializing in solar, wind, and hybrid power projects. As part of the AT Group, which boasts a $2.5 billion asset portfolio, Juniper Green Energy has extensive experience in building and developing renewable energy assets. The AT Group has been a significant player in India’s renewable energy sector since 2010, previously establishing the 1 GW renewable energy platform, Orange Renewable. Suzlon’s Commitment to Renewable Energy Girish Tanti, Vice Chairman of Suzlon Group, expressed his enthusiasm about the partnership with Juniper Green Energy, stating, “Juniper Green Energy has been a long-term, repeat customer for us, and we are delighted to partner with them again. This order helps us expand our footprint in Rajasthan. The electricity generated from these projects will help realize the vision of the Rajasthan government to serve the people of the state with green energy. Suzlon’s proven product portfolio, customized for the Indian wind regime, is dedicated to reducing the cost of energy while increasing affordability and accessibility of renewable energy in line with our national targets. At Suzlon, we are committed to India’s renewable ambitions while staying true to the vision of ‘Make in India’ and an Aatmanirbhar Bharat.” What’s Next for Suzlon Stock? The big question now is whether Suzlon stock will reclaim its significant psychological level of Rs 50. While the recent order serves as a key catalyst for the stock’s upward movement, only time will tell how the market will respond in the long term. For now, Suzlon Energy remains a buzzing stock on the bourses, driven by its latest achievements in the renewable energy sector. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Suzlon Share Price Today - Suzlon Energy Stock Price Live NSE/BSE Suzlon Energy Share Price - Get Suzlon Energy Ltd Live NSE/BSE Stock Price, latest research reports, balance sheet and stock price history at Angel One.
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R
rohitk203
30th October 2023
Suzlon Group, India’s leading provider of renewable energy solutions, announced that the company has secured a significant order today. According to the press release, the company has secured an order for its 3 MW product series to support the development of a 50.4 MW wind power project for Juniper Green Energy Private Limited. The company will oversee the installation of 16 wind turbine generators (WTGs) featuring their innovative Hybrid Lattice Tubular (HLT) tower, each with a rated capacity of 3.15 MW. The project is located in the Dwarka district of Gujarat and is scheduled for commissioning in 2025. This marks a recurring order for the company’s most substantial turbine, the 3.15 MW S144-140m from the 3 MW series. Under the terms of the agreement, the company will deliver the wind turbines (equipment supply) and oversee the entire project, encompassing installation and commissioning. Furthermore, it will offer comprehensive post-commissioning operations and maintenance services. The Suzlon 3 MW Series: Suzlon Group, the largest renewable energy solutions provider in India, has recently announced its 3 MW series of wind turbines. With the primary objective of increasing generation, reducing the cost of energy, and contributing to ‘Aatmanirbhar Bharat’ (self-reliant India), this series represents a significant milestone for the company and the country’s wind energy sector. Suzlon’s 3 MW turbines feature a 144-meter rotor diameter and are designed to unlock low wind sites, delivering improved energy yield suitable for all Indian wind regimes. With local content of up to 85-90% upon its official release, this series demonstrates Suzlon’s commitment to innovation and self-reliance. Share Performance: At the beginning of the day, the stock started trading at Rs 31.99 per share, marking a 1.65% increase from the previous day’s closing price of Rs 31.47 per share on the BSE. As of writing this article, the stock is trading at Rs 32.15 per share, marking a gain of 2.16% from its previous closing price. The current market capitalisation of the company stands at Rs 43,576 crore, and the stock has exhibited exceptional performance in recent periods, delivering an impressive multibagger return of more than 294% over the past one year. Investors must keep this stock on their radar. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Suzlon Energy Ltd FAQs

Suzlon Energy Ltd (SUZLON) share price as of July 22, 2024, on NSE is Rs 55.08 (NSE) and Rs 55.08 (BSE) on BSE.
Yes, You can buy Suzlon Energy Ltd (SUZLON) shares by opening a Demat account with Angel One.
Suzlon Energy Ltd (SUZLON) share can be bought through the following modes:
1. Direct investment: You can buy Suzlon Energy Ltd (SUZLON) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Suzlon Energy Ltd (SUZLON) shares.
The ratio for Suzlon Energy rights issue is 5 Equity Shares for every 21 Equity Shares held on the Record Date.
The record date for Suzlon Energy Rights Issue is 4th October.
The issue price for Suzlon Energy Rights issue 2022 is ₹5 per share per equity share.
The total asset of Suzlon is Rs. 6,475 crores.
The main business of Suzlon Energy is to manufacture wind turbine generators (WTGs) and related components. It has installed over 19.4 GW of wind energy in 17 countries. Suzlon has diversified its renewable energy solutions to solar power and Wind-Solar hybrid solutions.
Some of the main promoters of Suzlon include Tanti Holdings Private Limited, Samanvaya Holdings Private Limited, Girish R.Tanti, Sangita V.Tanti, Lina J.Tanti, Gita T.Tanti, Tulsi R.Tanti Pranav T.Tanti, Tulsi R.Tanti as karta of Ranchhodbhai Ramjibhai HUF, Rajan V.Tanti, and Vinod R.Tanti.
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