🔍

SUZLON - Suzlon Energy

📊 NSE: SUZLON 🏢 Electric Equipment 📅 Last Updated: 12/14/2025 14:00

📢 Recent Corporate Announcements

Suzlon Energy Clarifies on Material Price Movement; No Undisclosed Information Found

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 17 Apr 2026, 08:00 PM

Suzlon Energy Limited has issued a clarification regarding a Material Price Movement (MPM) observed in its stock on April 17, 2026, at 12:26 p.m. The company stated that it could not identify any specific news or event in mainstream media that might have triggered the sudden volatility. This disclosure was made under Regulation 30(11) of SEBI (LODR) Regulations, 2015, to ensure transparency. The company maintains that there is no undisclosed material information that would impact the stock price at this time.

Material Price Movement (MPM) detected on April 17, 2026, at 12:26 p.m.
Company confirms no specific event or information in mainstream media triggered the movement
Disclosure made in compliance with SEBI Regulation 30(11) regarding rumour verification
Official statement signed by Company Secretary Geetanjali S. Vaidya

💡 Investors should treat the recent price volatility as speculative or market-driven rather than based on new fundamental developments. It is advised to avoid trading based on unverified rumors and wait for official corporate announcements.

Suzlon Clarifies on Material Price Movement; No Known Triggers Found

🔵 WATCH ⭐ 4/10

REGULATORY 📅 15 Apr 2026, 03:25 PM

Suzlon Energy Limited has issued a clarification regarding a Material Price Movement (MPM) observed in its stock on April 15, 2026, at 9:43 a.m. The company stated that it could not identify any specific event or information in mainstream media that might have triggered this volatility. This disclosure is a compliance requirement under SEBI Regulation 30(11) to address unexplained market activity. At present, the company has not reported any new material developments to justify the price change.

Material Price Movement (MPM) detected on April 15, 2026, at 9:43 a.m.
Company confirms no identifiable information in mainstream media triggered the movement
Filing made under Regulation 30(11) of SEBI (LODR) Regulations, 2015

💡 Investors should exercise caution and avoid reacting to speculative price movements without official company updates. Monitor for any subsequent disclosures that might explain the market volatility.

Suzlon Energy Allots 6.57 Lakh Equity Shares Under ESOP 2022

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Apr 2026, 10:07 AM

Suzlon Energy Limited has allotted 6,57,000 equity shares to eligible employees following the exercise of stock options under its ESOP 2022 plan. The allotment consists of two tranches with exercise prices of Rs. 5.00 and Rs. 24.00 per share, respectively. This corporate action has resulted in the company realizing approximately Rs. 1.11 crore in cash. The total paid-up share capital of the company has increased to 1,371.53 crore shares following this issuance.

Allotment of 6,57,000 fully paid-up equity shares of face value Rs. 2 each
Total capital realization of Rs. 1,11,22,500 from the exercise of options
Exercise prices fixed at Rs. 5.00 for 2.44 lakh shares and Rs. 24.00 for 4.12 lakh shares
Post-allotment paid-up capital stands at Rs. 2743.06 crore comprising 13,71,53,39,759 shares

💡 This is a routine administrative update with negligible equity dilution (less than 0.005%) and requires no specific action from investors.

Suzlon Seeks Shareholder Approval for Appointment of Girish Vanvari as Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 10 Apr 2026, 07:55 PM

Suzlon Energy Limited has initiated a postal ballot process to obtain shareholder approval for the appointment of Mr. Girish Vanvari as an Independent Director. The proposed appointment is for a five-year term effective from February 24, 2026, to February 23, 2031. Voting will be conducted exclusively through remote e-voting, with the process concluding on May 11, 2026. This move is part of the company's compliance with SEBI Listing Regulations and the Companies Act, 2013.

Appointment of Mr. Girish Vanvari as Independent Director for a fixed term of 5 years.
The term is effective from February 24, 2026, through February 23, 2031.
Remote e-voting period starts on April 12, 2026, and ends on May 11, 2026.
Cut-off date for determining shareholder eligibility for voting is April 3, 2026.
The resolution is proposed as a Special Resolution requiring requisite majority approval.

💡 Investors should review the credentials of the proposed director and cast their votes through the KFin Technologies e-voting platform before the May 11 deadline. This is a routine governance matter and no immediate impact on stock price is expected.

Suzlon Clarifies No Material Information Behind Price Movement on April 8, 2026

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 08 Apr 2026, 05:42 PM

Suzlon Energy Limited has issued a formal clarification regarding a Material Price Movement (MPM) observed in its stock on April 8, 2026, at 11:15 a.m. The company stated that it could not identify any specific events or information in mainstream media that could have triggered this volatility. This disclosure is a routine compliance requirement under SEBI Regulation 30(11) to address market rumors or unusual trading activity. The company maintains that there is no undisclosed material information that needs to be shared with the exchanges at this time.

Material Price Movement (MPM) detected in Suzlon scrip at 11:15 a.m. on April 8, 2026
Clarification issued under Regulation 30(11) of SEBI (LODR) Regulations, 2015
Company confirms no identifiable mainstream media triggers for the price action
Filing intended to inform the public and exchange members of the lack of undisclosed news

💡 Investors should view the recent price volatility as speculative or market-driven rather than based on fundamental company developments. No immediate action is required as the company has confirmed no new material information exists.

Suzlon Energy Submits Quarterly SEBI Regulation 74(5) Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Apr 2026, 05:33 PM

Suzlon Energy Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the company's Registrar and Share Transfer Agent, KFin Technologies Limited, pertains to the quarter ended March 31, 2026. It confirms that no dematerialization or rematerialization requests were processed during this period. This is a standard administrative filing required for all listed companies in India.

Compliance certificate filed for the quarter ended March 31, 2026.
Registrar KFin Technologies Limited confirmed zero Demat or Remat requests were processed.
The filing is a mandatory requirement under SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine regulatory disclosure with no impact on the company's financial performance or stock valuation. No action is required.

Suzlon CEO of Global Operations & Maintenance Sairam Prasad Resigns Effective March 31, 2026

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 27 Mar 2026, 07:02 PM

Mr. Sairam Prasad, the CEO of Global Operations and Maintenance Services and a Senior Managerial Personnel (SMP) at Suzlon Energy, has tendered his resignation effective March 31, 2026. The resignation is attributed to personal reasons, specifically the need to relocate to Mumbai for family health matters. As the head of a critical business segment responsible for recurring service revenue, his departure marks a significant leadership transition for the company.

Mr. Sairam Prasad resigns as CEO – Global Operations and Maintenance Services effective March 31, 2026.
The resignation was formally communicated on March 27, 2026, citing family health reasons for relocation.
The outgoing executive held the status of Senior Managerial Personnel (SMP) within the organization.
The Operations and Maintenance (O&M) division is a key high-margin vertical for Suzlon's business model.

💡 Investors should monitor the company's upcoming announcements regarding a successor to ensure continuity in the O&M division. While the resignation is for personal reasons, leadership stability in global services is vital for maintaining long-term service contracts.

Suzlon Energy to Close Trading Window from April 1, 2026 for Q4 and FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Mar 2026, 03:59 PM

Suzlon Energy Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is a standard procedure ahead of the declaration of financial results for the quarter and financial year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially announced to the exchanges. This measure is intended to prevent insider trading during the period when sensitive financial information is being finalized.

Trading window closure begins on Wednesday, April 1, 2026
Closure pertains to the financial results for the quarter and year ending March 31, 2026
Window will reopen 48 hours after the official declaration of financial results
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 This is a routine regulatory filing with no impact on company fundamentals. Investors should focus on the upcoming Q4 and FY26 earnings report for performance evaluation.

Suzlon Secures 100 MW Repeat Order from GAIL; Fourth PSU Win in FY26

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 24 Mar 2026, 09:32 AM

Suzlon Energy has bagged its sixth repeat order from GAIL for a 100 MW wind energy project in Nandurbar, Maharashtra. This marks the company's fourth PSU order in FY26, following successful bids with NTPC, BPCL, and AMC. The project involves the installation of 47 S120 wind turbines, each with a 2.1 MW capacity. Notably, the PSU and C&I segments now constitute over 64% of Suzlon's total order book, highlighting a strategic shift towards high-value institutional clients.

Sixth repeat order from GAIL for a 100 MW wind energy project in Maharashtra
Fourth PSU order of FY26, with PSU and C&I segments now exceeding 64% of the total order book
Installation of 47 S120 Wind Turbine Generators (WTGs) with a rated capacity of 2.1 MW each
Consolidates leadership in Maharashtra with a 38% market share of the state's 5.8 GW wind capacity

💡 The repeat order from a major PSU like GAIL reinforces Suzlon's operational credibility and enhances its order book visibility. Investors should remain positive on the stock as the company continues to leverage its dominant market share in the Indian wind energy sector.

Suzlon Energy Clarifies No Known Triggers for Material Price Movement on March 23, 2026

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 23 Mar 2026, 08:23 PM

Suzlon Energy Limited has issued a formal clarification regarding a Material Price Movement (MPM) observed in its stock on March 23, 2026, at 12:22 p.m. The company stated that it could not ascertain any specific event or information in mainstream media that could have triggered this volatility. This disclosure is a routine compliance measure under Regulation 30(11) of SEBI (LODR) Regulations, 2015. The filing suggests that the price action may be driven by market sentiment or technical factors rather than undisclosed fundamental developments.

Material Price Movement (MPM) detected in the scrip on March 23, 2026, at 12:22 p.m.
Company confirms no specific news or events in mainstream media triggered the movement.
Filing made under Regulation 30(11) of SEBI (Listing Obligations and Disclosure Requirements).
The announcement serves as a formal denial of any undisclosed material information at this time.

💡 Investors should treat the recent price volatility as speculative or technical in nature since the company has denied any fundamental news. Exercise caution and avoid trading based on unverified market rumors.

Suzlon Energy Penalized ₹25 Lakhs by Enforcement Directorate for FEMA Contravention

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 23 Mar 2026, 08:15 PM

The Enforcement Directorate (ED) has imposed a penalty of ₹25 Lakhs on Suzlon Energy Limited on March 23, 2026. The penalty stems from a contravention of Section 7 of FEMA, 1999, specifically regarding procedural lapses in long-term export advances and set-off approvals from the RBI. Suzlon has clarified that the transaction was bonafide and previously reported to the Reserve Bank of India. The company expects no material impact on its financial or operational performance due to this order.

Penalty of ₹25,00,000 (₹25 Lakhs) imposed by the Enforcement Directorate, Mumbai Zonal Office-II.
Violation pertains to Section 7 of FEMA, 1999 and Foreign Exchange Management (Export of Goods and Services) Regulations, 2000.
The issue involves failure to export goods against long-term advances and non-receipt of RBI approval for set-offs in the EDPMS system.
Company maintains that the transaction was bonafide and reported to the RBI in a timely manner.
Management confirms there is no material impact on the company's financial or operational activities.

💡 Investors should treat this as a minor regulatory update as the penalty amount is insignificant relative to the company's scale. No immediate portfolio action is required based on this disclosure.

Suzlon Energy to Participate in ICICI Securities Investor Meet from March 24-26, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Mar 2026, 01:51 PM

Suzlon Energy Limited has announced its participation in an Analysts/Institutional Investor Meet scheduled from March 24 to March 26, 2026. The conference is organized by ICICI Securities and will be conducted in a physical format. The company clarified that discussions will be based on existing Investor Relations presentations already available in the public domain. No unpublished price sensitive information (UPSI) is expected to be shared during these interactions.

Three-day investor interaction scheduled from March 24 to March 26, 2026
Conference organized by ICICI Securities via physical mode
Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company to use only publicly available IR presentations for discussions

💡 This is a routine regulatory disclosure. Investors should monitor for any updated investor presentations or management commentary that may be released following the event.

Suzlon Clarifies No Known Triggers for Material Price Movement on March 2, 2026

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 02 Mar 2026, 05:17 PM

Suzlon Energy Limited has issued a formal clarification regarding a Material Price Movement (MPM) observed in its stock on March 2, 2026, at 9:30 a.m. The company stated that it could not identify any specific event or information in mainstream media that might have triggered the unusual trading activity. This disclosure was made under Regulation 30(11) of SEBI (LODR) Regulations to address market volatility. The company maintains that there is no undisclosed material information that would impact the stock price at this time.

Material Price Movement (MPM) detected in Suzlon scrip on March 2, 2026, at 9:30 a.m.
Company confirmed no specific news or events in mainstream media were found to justify the movement.
Clarification issued under SEBI Regulation 30(11) for transparency to exchanges and public.
No undisclosed material information reported by the company secretary in the official filing.

💡 Investors should exercise caution regarding sudden price volatility and avoid trading based on unverified rumors. Monitor the stock for any subsequent fundamental news or official corporate announcements.

Suzlon Updates Key Managerial Personnel for SEBI Materiality Disclosures

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Feb 2026, 10:57 AM

Suzlon Energy Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events and handle stock exchange disclosures. This update is a compliance requirement under Regulation 30(5) of the SEBI Listing Regulations. The authorized team for determining materiality now includes the Chairman, Executive Vice Chairman, Group CEO, and Group CFO. Such updates are standard administrative procedures to ensure clear communication channels with regulators and the public.

Identified 5 key officials including CMD Vinod R. Tanti and Group CEO Ajay Kapur to determine event materiality
Designated Company Secretary Geetanjali S. Vaidya as the official for making disclosures to stock exchanges
Compliance update filed under Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The update ensures a structured governance framework for timely reporting of price-sensitive information

💡 No action is required from investors as this is a routine administrative update regarding internal governance and regulatory compliance.

Suzlon Appoints Ajay Kapur as Group CEO and Forms Strategic Council for Suzlon 2.0 Vision

🟢 POSITIVE ⭐ 8/10

MANAGEMENT 📅 24 Feb 2026, 10:28 AM

Suzlon Energy has announced a significant leadership restructuring to support its 'Suzlon 2.0' vision of becoming a full-stack renewable energy conglomerate. Mr. Ajay Kapur, formerly the Managing Director of Ambuja Cements, has been appointed as the Group CEO to drive business transformation and scale. Concurrently, Mr. J.P. Chalasani has been elevated to the newly formed Group Executive Council (GEC) to steer long-term strategy, while Mr. Girish Vanvari joins as an Independent Director for a five-year term. These changes aim to transition the company from a wind-only provider to an integrated player in wind, solar, and BESS technologies.

Appointment of Ajay Kapur (ex-MD of Ambuja Cements) as Group CEO to lead business transformation.
Formation of a Group Executive Council (GEC) to oversee strategic direction and capital allocation.
Elevation of J.P. Chalasani to the GEC to mentor leadership and manage strategic partnerships.
Appointment of Girish Vanvari as Independent Director for a 5-year term ending February 2031.
Suzlon reports a global wind energy capacity of ~21.5 GW across 17 countries as of December 2025.

💡 Investors should view the hiring of a high-profile CEO from a major industrial group as a strong signal of growth intent. Monitor the company's progress in diversifying into solar and BESS as part of its new 'Suzlon 2.0' strategy.

View All SUZLON Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 67% YoY in FY25 to INR 10,851 Cr. The Wind Turbine Generator (WTG) segment grew 101% YoY, while Operation and Maintenance Services (OMS) grew 8% YoY. SE Forge revenue grew 53% YoY in H1 FY26.

Geographic Revenue Split

Not disclosed in specific percentages, but the company has installed over 21 GW across 17 countries, with a dominant ~30-35% market share in India.

Profitability Margins

EBITDA margin reached 18.6% in Q2 FY26. WTG PBIT margins improved from 2% in FY24 to 10% in FY25. OMS PBIT margins remained steady at 34% in FY25 compared to 36% in FY24.

EBITDA Margin

18.6% in Q2 FY26, representing a 460 basis point improvement from 14.1% in Q2 FY25. H1 FY26 EBITDA margin stood at 18.9%.

Capital Expenditure

No material debt-funded capital expenditure is planned for the near term; the company is focusing on unlocking capacity in its existing SE Forge business (120,000 MT annual capacity).

Credit Rating & Borrowing

ICRA assigned [ICRA]A+ (Stable) and [ICRA]A1 ratings to bank lines of INR 2,635 Cr. Interest coverage ratio was 7.3x as of FY25.

⚙️ Operational Drivers

Raw Materials

Steel, metal scrap for foundry operations, and specialized wind turbine components including rotor blades, tubular towers, generators, and nacelles.

Import Sources

Not specifically disclosed, though the company is increasing exports in the wind sector for its forging and foundry division.

Capacity Expansion

SE Forge has an annual manufacturing capacity of 120,000 MT. WTG deliveries reached 565 MW in Q2 FY26, a 121% increase YoY from 256 MW in Q2 FY25.

Raw Material Costs

Contribution margin was 34.1% in Q2 FY26. Procurement costs have been reduced through cost-out initiatives and internalizing machining processes.

Manufacturing Efficiency

SE Forge capacity utilization reached 30% in H1 FY26, up from 21% in FY25.

📈 Strategic Growth

Expected Growth Rate

67%

Growth Strategy

Acquisition of Renom Energy Services (3GW portfolio), expansion of SE Forge into non-wind and export markets, and margin improvement through internalizing machining and cost-out initiatives.

Products & Services

Wind Turbine Generators (WTGs), Operation and Maintenance Services (OMS), and Forging and Foundry products (castings and forgings).

Brand Portfolio

Suzlon, SE Forge, Renom Energy Services.

New Products/Services

Renom Energy Services acquisition allows the company to service non-Suzlon wind turbines, targeting a diverse portfolio of ~3GW.

Market Expansion

Expanding SE Forge into non-wind sectors and increasing international exports; targeting a revenue mix of 2/3 non-Suzlon customers by FY27.

Market Share & Ranking

Leading domestic WTG manufacturer with a ~30-35% market share of the total installed base in India.

Strategic Alliances

Working capital facility of INR 5,906 Cr from REC Limited to support operational scale-up.

🌍 External Factors

Industry Trends

India's wind capacity is projected to reach 100 GW by 2030 and 400 GW by 2047, driving long-term demand for WTGs and O&M services.

Competitive Landscape

Leading domestic player with strong in-house technical capabilities and an integrated manufacturing infrastructure across the value chain.

Competitive Moat

Vertical integration and a 30-35% market share provide a sustainable competitive advantage; the company designs and manufactures all major components in-house.

Macro Economic Sensitivity

Highly sensitive to India's energy transition targets, including a goal of 777 GW of renewable capacity by 2030 and 2,100 GW by 2047.

Consumer Behavior

Increasing demand for renewable energy and product-level GHG data from Commercial & Industrial (C&I) customers.

Geopolitical Risks

Evolving climate regulations and potential trade barriers affecting global sourcing and sales of wind components.

⚖️ Regulatory & Governance

Industry Regulations

NCLT proceedings for the reorganisation and reclassification of reserves under Sections 230 and 231 of the Companies Act, 2013.

Environmental Compliance

Compliance with BRSR and GHG emission management, with reasonable assurance obtained from SGS India.

Taxation Policy Impact

Deferred Tax Asset (DTA) of INR 1,229 Cr provides a tax shield on future profits of approximately INR 5,000 Cr.

Legal Contingencies

NCLT matter regarding the Scheme of Arrangement for Reorganisation of Reserves with meetings held in December 2025.

⚠️ Risk Analysis

Key Uncertainties

Operating leverage risk in the WTG business and potential delays in installations impacting the stability of cash flows.

Geographic Concentration Risk

Significant concentration in the Indian market, where the company holds a ~30-35% share of the 50 GW installed base.

Third Party Dependencies

Reducing dependency on third-party machining by internalizing the process, which improved SE Forge margins to 19.5%.

Technology Obsolescence Risk

Risk of delayed adoption of low-carbon technologies impacting global competitiveness and appeal to international buyers.

Credit & Counterparty Risk

Comfortable TOL/TNW ratio of 1.0x as of March 2025 indicates strong counterparty credit health.

🔗 Companies in Electric Equipment

AARTECH

Aartech Solonics

Updated: 12/13/2025 17:42

ABB

A B B

Updated: 12/13/2025 17:40

AGNI

Agni Green

Updated: 12/13/2025 17:59

AKANKSHA

Akanksha Power

Updated: 12/13/2025 18:04

ALPEXSOLAR

Alpex Solar

Updated: 12/13/2025 18:12

APARINDS

Apar Inds.

Updated: 12/13/2025 18:23

APS

Australian Prem

Updated: 12/13/2025 18:44

BBL

Bharat Bijlee

Updated: 12/13/2025 19:26

BHEL

B H E L

Updated: 12/13/2025 18:49

CGPOWER

CG Power & Ind

Updated: 12/13/2025 20:50