Suzlon Energy

Suzlon Energy has received a 105 MW order from Sunsure Energy for its newly launched S175 (5.0 MW) wind turbine, marking the first commercial deployment of India's tallest and most powerful turbine just two weeks after its market introduction. The project, to be executed in Bijapur district of Karnataka, involves supply, erection, commissioning and maintenance of 21 next-generation S175 turbines, and lifts the cumulative partnership between the two companies to 400.8 MW in under 14 months. Sunsure, backed by Partners Group with a $400 million equity commitment, becomes the launch customer for the S175 platform, underscoring the turbine's appeal for firm and dispatchable renewable energy solutions targeting India's growing commercial and industrial demand.

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Suzlon Energy has secured a 400 MW wind power engineering, procurement and construction contract from Tata Power Renewable Energy, marking the fourth project between the two companies and lifting their cumulative partnership to over 1 GW. The project, part of Suzlon’s newly launched DevCo model, will be executed in Anantapur district of Andhra Pradesh, where Suzlon will supply 127 of its flagship S144 3.15 MW turbines and provide full EPC services including land, balance of plant, substation and commissioning. With this win, Suzlon’s Andhra Pradesh order book reaches close to 1 GW, complementing an installed base of 1.8 GW in the state.

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June 25 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - GETS EPC CONTRACT FOR 400 MW WIND ENERGY PROJECT

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Further company coverage: SUZL.NS

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** Suzlon Energy SUZL.NS stock rises nearly 2.5% to 56.52 rupees

** Co outlined plans to evolve into full-stack renewable energy solutions provider spanning wind, solar, storage and project development

BROKERAGES FLAG EXECUTION AS KEY TO GROWTH

** UBS ("buy", TP:72 rupees) says strategy is aligned with growing demand for hybrid and firm-dispatchable renewable power; order conversion and execution remain key monitorables

** ICICI Securities ("buy", TP: 65 rupees) says co's project-development model could help address bottlenecks such as land acquisition, right-of-way approvals and grid connectivity, improving execution visibility

** Ambit Capital ("buy", TP:62 rupees) says co's target of 10 GW annual renewable energy sales by FY31 appears ambitious, as it implies more than 15 GW of annual industry wind installations versus its estimate of 7-9 GW additions through FY32

** Systematix ("buy", TP:71 rupees) says land acquisition, manpower availability and grid connectivity remain key challenges, even as demand strengthens

(Reporting by Surbhi Misra in Bengaluru)

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June 3 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY - TARGETS 10 GW RENEWABLE ENERGY SALES AND 70 GW ASSET UNDER MANAGEMENT BY 2031

• SUZLON ENERGY - PLANS TO ESTABLISH BATTERY ENERGY STORAGE SYSTEMS FACILITY BY 2027

Source text: ID:nNSE2ZRvK2

Further company coverage: SUZL.NS

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Adds details in paragraphs 3, 6-9

BENGALURU, May 29 (Reuters) - India's markets regulator imposed a penalty of 159.5 million rupees ($1.68 million) on Suzlon Energy SUZL.NS on Friday for what it alleged were lapses in the company's financial statements and disclosures.

The Securities and Exchange Board of India (SEBI) also imposed monetary penalties of 57.5 million rupees and 54.5 million rupees on the company's chairman and vice-chairman, respectively, on charges that they were at the helm of affairs during the period of misreporting.

The regulator also levied penalties on the company's former and current chief financial officers.

Suzlon did not immediately respond to a Reuters email seeking comments.

Suzlon Energy's disclosures on key material transactions created a false picture of financial strength that affected market integrity and misled investors, SEBI said in its order.

Certain transactions of the company with its subsidiaries and associates showed misstated financials and inflated net worths, it added.

The regulator passed the order following a 2019 complaint alleging misrepresentation. The complaint was anonymous, according to SEBI.

SEBI also noted that it was not an isolated accounting entry or a solitary disclosure lapse but was a connected set of transactions by Suzlon with its wholly owned subsidiaries and related group entities over multiple financial years.

Suzlon routed 12 billion rupees into Suzlon Gujarat Wind Park Ltd (SGWPL) through 16 back-to-back entries without real inflow, SEBI said.

It also said the company had sold a business unit to a subsidiary for 2 billion rupees against a book value of about 77 million rupees.

Suzlon argued that its consolidated statement was largely unaffected due to these discrepancies, SEBI's order showed. However, the regulator drew a distinction and said standalone results "are not a secondary or optional set of accounts" and that they are relied upon by investors.

If financial statements fail to disclose the real nature and effect of material transactions, "such conduct cannot be treated as a mere internal accounting matter divorced from the securities market", the regulator noted.

(Reporting by Jayshree P Upadhyay and Nishit Navin; Editing by Janane Venkatraman)

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May 25 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY Q4 CONSOL NET PROFIT 11.14 BILLION RUPEES

• SUZLON ENERGY Q4 CONSOL REVENUE FROM OPERATIONS 54.68 BILLION RUPEES

Source text: ID:nBSE2bS7H2

Further company coverage: SUZL.NS

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May 22 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - 3 MW PLATFORM SALES REACH NEARLY 9 GW WITH NEW 195 MW ORDER FROM SUNSURE ENERGY

Source text: ID:nNSE9Tx0Zv

Further company coverage: SUZL.NS

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NEW DELHI, April 21 (Reuters) - India's Suzlon Group on Tuesday launched its 5 megawatt (MW) and 6.3 MW wind turbine models in Europe, targeting the continent's repowering and new-build markets.

• Suzlon said Europe is entering a key repowering phase, creating demand for higher-capacity, site-specific turbines

• Suzlon has installed about 21.5 gigawatt (GW) of wind capacity across 17 countries, with around 15.5 GW in India and nearly 6 GW installed overseas

• The company has nearly 660 MW installed capacity in Europe

• Europe has nearly 100 GW of new wind project potential and 17 GW of repowering potential, says Executive Vice Chairman Girish Tanti

• The global wind industry installed a record 165 gigawatts of new capacity last year, up 40% from 2024 and mostly driven by China

  
  

  
  

(Reporting by Sethuraman NR; Editing by Eileen Soreng)

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** India's wind energy solutions provider Suzlon Energy SUZL.NS shares rise 3.50% to 51.99 rupees

** Ambit Capital maintains "Buy" rating on stock with PT of 60 rupees

** Expects co to generate 200 billion rupees ($2.16 billion)net cash by FY32, with scope to deploy in power adjacencies like BESS and Green H2

** Notes co has a strong 6.4 GW order book, offering revenue visibility for the next two years; expects return on capital employed to exceed 20% through FY30

** Ambit Capital says major risk includes implementation a stricter Deviation Settlement Mechanism (DSM) for renewable energy generators from FY27 as the Indian energy regulator works to enhance grid stability

** Brokerage sees SUZL's EPS CAGR of 15% over FY26–30 and 11% over FY30–35

** SUZL rated "strong buy" on avg by 10 analysts; median PT 64 rupees

** YTD stock down 4.59%

($1 = 92.7412 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

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March 24 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - WINS ITS SIXTH REPEAT ORDER OF 100 MW FROM GAIL

Source text: ID:nNSExsLbM

Further company coverage: SUZL.NS

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March 23 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - ENFORCEMENT DIRECTORATE LEVIES 2.5 MILLION RUPEES PENALTY ON CO

Source text: ID:nNSE2s5fTw

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Feb 24 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - AJAY KAPUR APPOINTED AS GROUP CEO

Source text: ID:nNSE2D2pqw

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Feb 20 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - PRINCIPAL COMMISSIONER OF CUSTOMS, CHENNAI LEVIES 96 MILLION RUPEES PENALTY ON SUZLON

Source text: ID:nNSE5DrzC1

Further company coverage: SUZL.NS

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Feb 5 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD DEC-QUARTER CONSOL NET PROFIT 4.45 BILLION RUPEES

• SUZLON ENERGY LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 42.28 BILLION RUPEES

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Jan 29 (Reuters) - Orient Green Power Company Ltd ORIN.NS:

• ORIENT GREEN POWER COMPANY LTD - UNIT SIGNS CONTRACT WITH SUZLON ENERGY FOR 328.7 MILLION RUPEES

Source text: ID:nBSE1VvYLn

Further company coverage: ORIN.NS

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Jan 28 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SECURES ITS FIRST 248.5 MW WIND ORDER FROM ARCELORMITTAL

Source text: ID:nBSEbvw0Vx

Further company coverage: SUZL.NS

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** Shares of Suzlon Energy SUZL.NS rise as much as 2.5% to 46.69 rupees

** Systematix initiates coverage with a "Buy" rating and TP of 67 rupees

** Says co with a 35% market share in India's wind turbine installations is aptly placed to participate in and contribute to the capacity addition cycle over the medium term

** Expect SUZL to execute 2,480MW/3,224MW in FY26/FY27, respectively, likely translating into rev, EBITDA, and PAT CAGR of 30%, 39%, and 18%, respectively, over FY25-FY28

** Notes, co's financial profile strengthened and working capital management improved, which allows it to bid for larger tenders, supporting earnings visibility

** Ten analysts have a "Strong buy" rating on avg; median PT is 74.50 rupees - data compiled by LSEG

** SUZL down 11.4% so far in January

(Reporting by Urvi Dugar in Bengaluru)

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Sept 18 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY- TAX OFFICER LEVIED PENALTY OF 2.3 MILLION RUPEES

Source text: ID:nnAZN4JLT4E

Further company coverage: SUZL.NS

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** Suzlon Energy SUZL.NS gains 2.7% to 59 rupees; set to rise for third straight session

** Wind energy solutions provider gets order for 838 MW from Tata Power Renewable Energy

** Says project will comprise 266 of co's wind turbines across states of Karnataka, Maharashtra, Tamil Nadu

** SUZL down ~6.7% YTD

($1 = 88.2880 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of renewable energy solutions provider Suzlon Energy SUZL.NS and wind turbine generator maker INOX Wind INWN.NS rise 5% and 2%, respectively

** India introduces stringent norms pushing wind turbine makers to use local parts and store data domestically

** Norms require wind turbine makers to also set up control and R&D centers domestically within a year

** Move likely to benefit domestic wind equipment makers such as SUZL, INWN

** SUZL set to rise for second straight session; INWN set to snap 2-day losing streak

** YTD, SUZL down ~1% and INWN down ~15%

(Reporting by Yagnoseni Das in Bengaluru)

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June 27 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• INDIA MARKETS REGULATOR: ADJUDICATION PROCEEDINGS AGAINST SUZLON ENERGY STANDS DISPOSED OF

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Further company coverage: SUZL.NS

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** Shares of Suzlon Energy SUZL.NS rise 2.5% to 64.11 rupees

** Co gets order from AMPIN Energy Transition to supply 54 S144 wind turbine generators with hybrid lattice towers of 3.15 MW capacity each for 170.1 MW project in Kurnool, Andhra Pradesh

** Order includes supply, installation, and long-term operations and maintenance

** SUZL up ~3% YTD

(Reporting by Vijay Malkar)

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** Shares of Suzlon Energy SUZL.NS rise 10.4% to 72.20 rupees

** Renewable energy solutions provider's Q4 consol profit jumps to 11.82 bln rupees ($138.6 mln) from 2.54 bln rupees year ago

** Q4 revenue rose 73.2% Y/Y to 37.74 bln rupees

** Trading vols at 314 mln shares, 3.9x the 30-day average

** SUZL up ~16% YTD

($1 = 85.2600 Indian rupees)

(Reporting by Vijay Malkar)

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May 29 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY MARCH-QUARTER CONSOL NET PROFIT 11.82 BILLION RUPEES

• SUZLON ENERGY MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 37.74 BILLION RUPEES

Source text: ID:nBSEc337Vp

Further company coverage: SUZL.NS

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May 8 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NS:

• AWARDS CONTRACTS FOR 100 MW WINDFARM PROJECTS

• LOA ISSUED TO SUZLON ENERGY, INTEGRUM ENERGY INFRASTRUCTURE

• PROJECTS ARE EXPECTED TO BE COMPLETED AND COMMISSIONED WITHIN TWO YEARS

Source text: ID:nBSE7kMgMF

Further company coverage: BPCL.NS

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April 23 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - NTPC GREEN ENERGY AWARDS 1,544 MW WIND PROJECTS TO SUZLON

• SUZLON ENERGY LTD - RECEIVES NEW 378 MW ORDER FROM NTPC GREEN ENERGY

Source text: ID:nNSE9RrL4b

Further company coverage: SUZL.NS

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Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD- SECURES A 100.8 MW WIND ORDER FROM SUNSURE ENERGY

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Further company coverage: SUZL.NS

March 28 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• ORDER BOOK STANDS AT 5,622 MW AS OF MARCH 28, 2025

Source text: ID:nBSEbyPT8y

Further company coverage: SUZL.NS

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Adds board member comments in paragraphs 3-4, 9-10, updates shares in 6

By Christoph Steitz and Tom Käckenhoff

FRANKFURT/DUESSELDORF, March 26 (Reuters) - Siemens Energy ENR1n.DE will sell 90% of its wind turbine business in India and Sri Lanka to an investor group led by the climate investment arm of buyout group TPG TPG.O, in the latest move aimed at fixing its struggling renewables division.

Siemens Gamesa, Siemens Energy's loss-making wind turbine division, holds a 30% market share in India but had said it was considering strategic options for the business, citing cut-throat competition.

"It's a very fragmented and competitive landscape," Vinod Philip, Siemens Energy's board member in charge of Siemens Gamesa, told Reuters. "This deal allows us as Siemens Gamesa to tackle the other markets in a more focused manner."

Philip said the new company could also become a cost-effective Indian supplier to Siemens Gamesa, helping to diversify its global supply chain.

No financial details of the transaction were disclosed.

Shares in Siemens Energy rose to the top of Frankfurt's blue-chip index .GDAXI following the news, trading 3.9 higher at 1126 GMT.

As part of the deal, Siemens Energy will transfer around 1,000 employees and two manufacturing plants in India to the new entity, it said.

Around 1,200 of its local staff will not be part of the deal and will remain with Siemens Energy, the company said.

Siemens Gamesa has an installation base of nearly 10 gigawatts in India and provides service to more than 7 GW worth of turbines under long-term agreements, it said, adding the market was expected to add 57 GW of capacity by 2032.

Philip said the focus remained on fixing Siemens Gamesa's onshore business, which has suffered from a quality crisis around its newer generation 4.X and 5.X turbine models.

An updated version of the 4.X turbine has been brought back into the market and Philip said there were "good conversations" with customers in Europe about it.

(Reporting by Christoph Steitz and Tom Kaeckenhoff. Editing by Thomas Seythal and Mark Potter)

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