Suzlon Energy: Pioneering India’s Renewable Future with Innovation and Strategic Growth – EQ
In Short : Suzlon Energy is leading India’s renewable energy sector with robust financial performance and a record 5.7 GW order book. In FY24, it reported ₹6,497 crore revenue and ₹1,029 crore EBITDA. Key projects include wind power ventures with Jindal Renewables and NTPC. Suzlon’s innovative turbine models and strategic partnerships position it strongly for future growth in sustainable energy.
In Detail : Suzlon Energy is firmly establishing itself as a leader in India’s renewable energy sector, driven by strong financial performance and a solid order book. In FY24, the company reported revenue of ₹6,497 crore and an EBITDA of ₹1,029 crore, reflecting an EBITDA margin of 15.8%. Profit after tax before exceptional items rose by 428% year-on-year to ₹714 crore, marking the highest consolidated EBITDA and PAT in seven years.
One of Suzlon’s key strengths is its robust order book, which has reached a record 5.7 GW. This growth is driven by increasing demand for wind energy solutions, positioning Suzlon well to capitalize on India’s ambitious renewable energy targets. The company continues to secure significant projects from leading entities, reinforcing its industry dominance.
A notable project includes the 302.4 MW wind power initiative from Jindal Renewables in Karnataka, building on their existing partnership to reach a total capacity of 702.4 MW. Additionally, Suzlon has secured contracts from NTPC Renewable Energy and IndianOil NTPC Green Energy for projects in Gujarat, further enhancing its presence in the wind energy market.
Suzlon’s focus on technological innovation is a critical factor behind its sustained growth. The development of advanced wind turbine generators, such as the S144 model with Hybrid Lattice Towers, showcases the company’s commitment to enhancing efficiency and sustainability. These innovations are designed to optimize power generation and meet the evolving needs of the renewable energy landscape.
The company’s strategic initiatives and technical advancements are complemented by its strong financial health. With a market capitalization of approximately ₹74,057 crore as of May 8, 2025, Suzlon continues to attract investor confidence. Its consistent performance and expanding project portfolio underline the company’s ability to navigate challenges and capitalize on emerging opportunities.
Looking ahead, Suzlon is well-positioned to maintain its leadership in India’s renewable energy revolution. Its commitment to innovation, sustainable practices, and expanding partnerships reflects a forward-looking approach. As the country aims for a greener future, Suzlon’s role as a key player in the energy transition is becoming increasingly prominent.
