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Green energy stock under ₹60 jumps after receiving order from Sunsure Energy

News by Aliceblue News Desk

17 Apr 2025

Green energy stock under ₹60 jumps after receiving order from Sunsure Energy

Introduction:

Leading renewable energy company has secured a 100.8 MW wind power order from Sunsure Energy. The project, located in Maharashtra’s Jath region, will involve the installation of 48 advanced wind turbine generators.

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Share price movement of Suzlon:

On April 17, 2025, Suzlon Energy Ltd. opened at ₹54.38, up 0.07% from its previous close of ₹54.34. The stock reached a high of ₹55.68 (2.47%) and a low of ₹54.00. By 12:45 PM, it traded at ₹55.23, a 1.64% increase, with a market cap of ₹75,394.01 crore.

Suzlon Secures 100.8 MW Wind Order from Sunsure:

Suzlon Energy Ltd has secured a 100.8 MW wind power order from Sunsure Energy. And this marks the latter’s debut in wind energy. This milestone order supports the adoption of renewable energy through Independent Power Producers (IPPs).

The project, located in the Jath region of Maharashtra, will see Suzlon supply 48 S120 wind turbines, each with a rated capacity of 2.1 MW. Suzlon will oversee the installation, erection, commissioning, and post-commissioning maintenance of the turbines.

This partnership enhances Sunsure Energy’s renewable energy portfolio which helps the company to support its commitment to provide round-the-clock power to Maharashtra. The project aligns with India’s 500 GW clean energy target by 2030.

Stock performance of Suzlon for Period of 1 week, 6 months, and 1 year:

Suzlon Energy Ltd delivered a 6.11% return over the past week but declined by 24.7% in the past six months. However, it gained 34.2% over the past year.

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Shareholding pattern of Suzlon:

ParticularsMar 2025Dec 2024Sep 2024
Promoter13.30%13.30%13.30%
FII23.00%22.90%23.70%
DII8.70%9.30%9.00%
Public55.00%54.60%54.00%
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About Suzlon:

Suzlon Energy Ltd (NSE: SUZLON) is a leading global renewable energy solutions provider, specializing in wind turbine manufacturing, installation, and operations & maintenance services, with a focus on wind power project execution and management.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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