Suzlon share price: Shares of Suzlon Energy Limited might remain in focus in the upcoming days as the renewable energy solutions providers has secured a 400 MW wind energy Engineering, Procurement and Construction (EPC) contract from Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, further strengthening the long-standing partnership between the two companies and advancing its vision through its DevCo -led growth strategy.
Suzlon crosses 1 GW partnership with Tata Power
Created with AI. Errors are possibleThe latest order, awarded in less than 12 months of the previous contract, takes the cumulative capacity awarded by TPREL to Suzlon to more than 1 GW across Karnataka, Maharashtra, Tamil Nadu and Andhra Pradesh.
Suzlon orderbook in Andhra Pradesh
“With this order, Suzlon’s orderbook in Andhra Pradesh now stands close to 1 GW, marking a key milestone in one of India’s leading wind markets. Suzlon’s current installed base in Andhra Pradesh stands at 1.8 GW, contributing to 28.44 % of Suzlon’s installed base in South India,” the company said in a press release.
Under the contract, Suzlon will install 127 units of its flagship S144 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW.
“The company will execute the project through its comprehensive EPC model, covering land acquisition, turbine supply, Balance of Plant (BoP), pooling substation, extra-high-voltage transmission line, commissioning, and operations and maintenance services,” it added.
The project is set to be executed in the Anantapur district of Andhra Pradesh.
Commenting on the development, Girish Tanti, Vice Chairman of Suzlon Group, said, “Tata Power operates one of India’s largest renewable energy portfolios, and we are proud to have surpassed 1 GW in cumulative orders with them across four states. Over the past two decades, our partnership has evolved from individual projects to advanced hybrid and round -the – clock renewable energy solutions that support India’s energy transition.”
He added that the project, being executed under Suzlon’s DevCo-led EPC model, demonstrates how integrated development and execution can accelerate renewable energy deployment across the country.
As Suzlon bags the latest order from Tata Power, let’s have a look at the target prices given by brokerage firm Nuvama for the energy stock last week (June 18).
Brokerage firm Nuvama has maintained a HOLD rating on the stock and has set a target price of Rs 56, compared to the current price level of Rs 55.57 (settlement price of June 15). The price target reflects a marginal upside for the stock.
We estimate 23% PBT CAGR with FY31E EPS of ~INR3.7 assuming all targets are met by FY31, well captured in CMP (~27x FY28E consolidated EPS). We tweak FY27E EPS by 0.7% and raise FY28E by 9% (factoring higher WTG execution, OMS revenue). ‘HOLD’; TP of INR56.
Suzlon Energy Stock Outlook 2026
Suzlon Energy’s June 2026 analyst meet outlined its Vision FY31 roadmap, aiming to evolve into a full-stack renewable energy solutions provider across wind turbine generators, wind and solar EPC, BoP, and O and M, according to Nuvama.
The company targets a 25 per cent plus revenue CAGR over FY26 to FY31E and annual sales of 10 GW, with DevCo expected to contribute over 60 per cent of the mix. India wind market share is guided to expand to 40 per cent plus from around 35 per cent, alongside 3 GW exports. RE AUM is projected to scale sharply to 70 GW plus by FY31E from around 18 GW currently.
While the outlook is constructive, Nuvama noted that growth could be back-ended and relatively lower margin due to a higher EPC and O and M mix. It estimates FY31E EPS at around Rs 3.7, implying a 23 per cent PBT CAGR, with FY27E and FY28E EPS revised up by 0.7 per cent and 9 per cent, respectively.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
