Girish Tanti, Vice Chairman, Suzlon Group, said, “FY25’s performance sets the stage for Suzlon’s next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus. India has also crossed a significant milestone by surpassing 50 GW of installed wind power capacity – a journey in which Suzlon has played a leading role. As we advance towards the 100 GW target by 2030, India will most certainly shape the global narrative on clean energy leadership and climate action.”

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “This year, we completed Suzlon’s ramp-up phase, which is clearly reflected in the sharp increase in our deliveries. With our highest-ever firm order book of 5.6 GW, we have long-term visibility and the capacity to scale and support future growth. These efforts have built a solid foundation to meet India’s rising need for clean, reliable, and locally made wind energy. Our continued focus on safety, quality, ESG, and customer satisfaction will guide us, as we step into the next phase of India’s energy journey.”

Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “This is one of the best years for Suzlon, marked by consistent growth across revenues, profitability, and EBITDA, along with a strong net cash position. These results reflect the strength of our operating model and financial prudence. We are committed to funding our growth ambitions while maintaining strict financial discipline, optimising capital allocation, and strengthening our balance sheet for long-term sustainability.”

Suzlon Group Q4 FY25 and Annual Results at a glance (consolidated):

(₹ Cr.)

Wind Turbine Generator (WTG)

In FY25, we achieved record deliveries of 1.55 GW—an impressive 118% year-on-year growth. The contribution margin for our WTG business expanded to 23%, a rise of 360 basis points, backed by our 4.5 GW manufacturing capacity. We added 10 new production lines for our S144 – 3.X MW series and completed nacelle expansion at Daman and Pondicherry. We will continue to invest in building a strong local manufacturing and supply chain ecosystem to support India’s wind energy ambitions.

OMS

Suzlon’s OMS (Operations and Maintenance Services) business remains a key pillar of growth for the Group, currently managing a robust 15 GW of installed wind energy capacity across India, representing over USD 10 billion in renewable energy assets under management. Gujarat leads as the top-performing state for our OMS portfolio, where we service 4.2 GW, followed by Rajasthan (2.3 GW) and Maharashtra (2.2 GW). Our strong customer retention rates and annuity-based revenue model provide a stable foundation for sustained expansion.

Technology

Our flagship innovation, the S144 wind turbine, proudly designed and manufactured in India, remains the cornerstone of our technological leadership. Engineered specifically for Indian sites and optimized for hybrid power plant compatibility, it enables efficient grid integration and high-quality energy output—a crucial edge for our customers. With over 5 GW of firm orders, it has emerged as our top-performing product, contributing more than 1.25 GW in deliveries during FY25 alone. It now represents 91% of our order book, underscoring the market’s strong demand for reliable, site-adaptive, and high-yield turbine technology.

ESG

Suzlon proudly leads the industry with its Make in India flagship S144 (3X MW) turbine, with lowest product carbon footprint of 6.16 gCO₂/kWh—setting a new benchmark in clean energy innovation. For over 30 years, we have driven sustainability through cutting-edge technology and leadership in renewable energy. Our ESG ratings consistently surpass industry averages, earning recognition from agencies such as CRISIL, Sustainalytics and S&P Global. We are on track to achieve net-zero Scope 1 (Direct emissions) and Scope 2 (Purchased electricity emissions) well ahead of our 2035 target. Additionally, we are progressing actively to achieve our sustainability targets ahead of our committed timelines and have already achieved 90% Zero Waste to Landfill (ZWTL) at Group level against our targets for achieving 100% ZWTL by 2028. Furthermore, we have met Product Stewardship commitments ahead of the timeline for manufacturing operations in FY 2024-2025.

Human Resources

Talent is the strategic driver of Suzlon’s transformation as we build a future-ready organisation engineered for scalable impact. Suzlon is prioritizing cross-sector expertise in technology, ESG, digital innovation, and supply chain excellence. We remain committed to bridge the skills gap by cultivating a strong talent ecosystem that creates sustainable green career opportunities and empowers the next generation of leaders in renewable energy.

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Bengaluru: Suzlon is accelerating renewable energy adoption among large corporations through Independent Power Producers (IPPs), supporting India’s clean energy transition and the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. Strengthening this commitment, Suzlon has secured a 100.8 MW EPC wind power order from Sunsure Energy, marking their maiden foray into wind energy. The project is set to be executed in Maharashtra’s Jath region.

Under this agreement Suzlon will supply 48 state-of-the-art S120 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 2.1 MW capacity. It will supply the wind turbines, oversee equipment installation, and execute the project, including erection and commissioning, while providing comprehensive operations and maintenance services post-commissioning. This project will enhance Sunsure Energy’s renewables portfolio and support its goal of delivering Round-The-Clock power to customers in Maharashtra.

Mr. JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Adopting wind energy by large corporations is imperative for achieving India’s 500 GW non-fossil fuel target by 2030. Increasingly, Independent Power Producers (IPPs) are recognising wind’s potential to make power more accessible, affordable, and high-quality. This transition not only supports our energy goals but also drives sustainable economic growth and innovation across the industry.”

Mr. Vivek Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, “We are thrilled to partner with Sunsure Energy on their inaugural wind project, advancing India’s renewable energy transition. We aim to collaborate with numerous Independent Power Producers (IPPs) in India, to amplify the country’s renewable energy movement.”

Mr. Manish Mehta, Co-Founder & Chief Commercial Officer (CCO), Sunsure Energy said, “ At Sunsure, we are committed to empowering our customers with best-in-class renewable energy solutions. Expanding our portfolio to include wind energy in Maharashtra will enhance our Round-The-Clock (RTC) renewable energy capabilities, allowing us to offset an even larger share of our customers’ power consumption with green energy. This project diversifies Sunsure Energy’s renewables portfolio and marks a key milestone in our journey to reach 10 GW capacity by 2030. This partnership with Suzlon will help us in creating the most dependable clean energy solutions for India’s businesses and contributing meaningfully to India’s sustainable future.”

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Key Highlights of the Order:

Bengaluru: Suzlon has secured a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables, further accelerating the Low CO₂ Steel revolution in India. This partnership is also now Suzlon’s largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW.  Earlier, Suzlon secured two orders to power Jindal Steel’s plants in Chhattisgarh and Odisha, adding 702.45 MW of wind energy. Currently, C&I customers account for 59% of Suzlon’s total order book, which has now reached a record 5.9 GW — the highest in the company’s history.

In this new order, Suzlon will supply 65 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 3.15 MW capacity.

The energy generated will be utilized for captive consumption in steel plants located in Chhattisgarh and Odisha, enhancing their operational sustainability and contributing to India’s green energy transition.

Girish Tanti, Vice Chairman, Suzlon Group, said, “We’re proud to propel India’s steel decarbonization forward through our strengthened partnership with visionary organisations like Jindal Renewables. Building on our initial successes in Karnataka, we’re now expanding the Low CO₂ Steel movement to Tamil Nadu, a trailblazer in wind energy. Together, we’re redefining the future of sustainable industrial growth in India.”

Bharat Saxena, President, Jindal Renewables, said, “At Jindal Renewables, we are committed to leading the decarbonisation movement in India’s steel industry. This third order with Suzlon is a clear demonstration of our commitment to sustainable practices and our vision to become the largest de-carbonisation solution provider.”

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Key Highlights of the Order:   

Bengaluru, India:  Suzlon Group, India’s largest renewable energy solutions provider, has secured a repeat order of 201.6 MW from Oyster Renewable, reasserting its leadership in India’s wind energy sector. With this latest addition, Suzlon’s partnership with Oyster Renewable has now grown to 283.5 MW in Madhya Pradesh within just nine months, which will further strengthen Madhya Pradesh’s renewable energy infrastructure, reaffirming Suzlon’s role in advancing India’s clean energy transition. This order also highlights the growing demand for wind energy solutions among the Commercial & Industrial (C&I) consumers, who now account for 59% of Suzlon’s total order book.

This order will be executed in Madhya Pradesh. As part of the agreement, Suzlon will supply 64 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW.

Girish Tanti, Vice Chairman, Suzlon Group, said, “After working with us for commissioning, Oyster has now trusted Suzlon with a full EPC order—reinforcing our position as the preferred renewable energy partner. More customers are choosing us for our end-to-end expertise, from land acquisition and seamless project execution to world-class O&M services that maximise power generation and extend the turbine lifespan. At Suzlon, we don’t just build projects, we create long-term value for a cleaner, greener future.”

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Madhya Pradesh has become a key wind energy hub, and we are proud to continue contributing to the state’s renewable journey. This is our 5th repeat order this year which shows Suzlon’s focus on customer centricity, helping us grow consistently. It also reinforces our commitment to powering a sustainable future with innovative and reliable wind energy solutions.”

Siddharth Bhatia, Managing Director, Oyster Renewable, said, “Backed on the success of our earlier partnership, we look forward to collaborating with Suzlon once again to drive collective vision for renewable energy in India. Leveraging cutting-edge technology, this project is a step forward in our vision to deliver round-the-clock energy. And we aim to continue exploring such partnerships to contribute significantly towards India’s 2030 renewable energy goal of 500 GW capacity. Building on its renewable energy capacity, Oyster Renewable remains committed to providing cost-effective solutions for delivering renewable energy power.”

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Bengaluru,January 24, 2025:  Suzlon Group, and Torrent Power Ltd. have achieved a remarkable milestone together, now powering 1 GW of wind energy for India with a new 486 MW hybrid order. This strategic collaboration is pivotal in supporting India’s ambitious target of achieving 50% of electricity from renewable sources and strengthening the Make in India initiative.

Under the agreement, Suzlon will supply 162 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) Towers, each rated at 3 MW capacity in the Bhogat region in Gujarat.

Girish Tanti, Vice Chairman, Suzlon Group, said, “We are proud to partner with Torrent, a pioneer in integrating renewables into their energy portfolio. Our decade-long collaboration has reached a remarkable milestone – 1 GW of cumulative orders across Gujarat and Karnataka. Built on trust, innovation, and a shared vision, this partnership has leveraged advanced technologies to deliver quality power to nearly 1 million households. Together, we remain committed to driving India’s energy transition and building a sustainable future.”

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Torrent Power has been a valued long-term partner in our journey, and together, we share a vision of providing reliable, sustainable, and quality power to the nation. The success of our S144 wind turbine, known for its ability to deliver optimal power performance even in low-wind conditions, has been a key driver of this collaboration. This milestone highlights the strength of our partnership and the impact of advanced technology in accelerating India’s renewable energy future.”

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BTCG, located near Vadodara, Gujarat, is a premier and only full-scale testing facility designed to meet the stringent requirements of wind turbine blade testing. The facility specializes in natural frequency determination, static testing, and fatigue testing for rotor blades, ensuring adherence to the highest international standards, including IEC, GL, and CWET norms.

The successful certification process involved comprehensive testing, including static load, dual-axis fatigue, and simulated 20-year lifecycle performance tests. The blade achieved 90% of the extreme values in compliance with IEC 61400-5 Ed. 2020 standards, setting a benchmark for excellence in the wind energy sector.

Commenting on the milestone, JP Chalasani, Chief Executive Officer, Suzlon Group, said, “The successful completion of blade testing for We4Ce at BTCG is a testament to Suzlon’s technological leadership and hyper focus on quality. For 29 years, Suzlon has championed the ‘Make in India’ initiative, developing cutting-edge wind energy solutions that not only power India but also contribute to the global renewable energy landscape. Our commitment to innovation and excellence continues to position India as a global hub for sustainable technology.”

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