Latest news with #ALMM
Business Upturn
7 hours ago
- Business
- Business Upturn
3 reasons why Suzlon shares are up over 6% today — Explained
By Aditya Bhagchandani Published on August 1, 2025, 09:27 IST Shares of Suzlon Energy Ltd surged over 6% on Friday, driven by a combination of positive developments that have significantly boosted investor sentiment around the renewable energy company. There are three key reasons behind today's strong rally in the stock. The first major trigger is Suzlon's inclusion in the futures and options (F\&O) segment, effective from Friday, August 1. The introduction of Suzlon shares into the F\&O market has improved the stock's liquidity and opened up new trading opportunities for institutional and retail investors alike. Stocks added to the F\&O segment typically witness enhanced volumes and broader market participation, which often translates into bullish momentum. The second factor propelling Suzlon's stock upward is the government's recent policy move to strengthen domestic manufacturing in the renewable energy sector. The government has announced an increase in the domestic content requirement for wind turbines, mandating that critical components such as blades, towers, gearboxes, generators, and bearings must now be sourced from manufacturers listed under the Approved List of Models and Manufacturers (ALMM). Furthermore, companies in the sector must also ensure their R\&D facilities, data centers, and servers are located within India. This push for local sourcing and cybersecurity enhances the competitive edge of domestic players like Suzlon and its peer Inox Wind, aligning with the government's vision of Atmanirbhar Bharat (self-reliant India). The third and perhaps most notable development is Suzlon's announcement of a significant order win. The company disclosed that it has secured a 381 MW order from Zelestra India and its affiliates, marking Zelestra's entry into the Firm and Dispatch Renewable Energy (FDRE) segment. This large-scale wind energy project will involve the installation of 127 units of Suzlon's advanced S144 wind turbines, each with a 3 MW rated capacity. The turbines will be deployed across three states — Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW). The Maharashtra and Madhya Pradesh portions are part of SJVN's FDRE bid, while the Tamil Nadu capacity will serve commercial and industrial (C\&I) customers. The order significantly strengthens Suzlon's already robust S144 turbine order book and underscores growing confidence in the company's project execution capabilities. Together, these three developments — F\&O inclusion, policy tailwinds, and a large order win — have reinforced market optimism around Suzlon and triggered a sharp upward movement in its share price today. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Economic Times
17 hours ago
- Business
- Economic Times
Govt makes use of major wind turbine components from RLMM mandatory
TIL Creatives Representative Image New Delhi, The government has made the use of major wind turbine components from the Approved List of Models and Manufacturers (Wind) mandatory, an official statement said on Thursday. The Ministry of New & Renewable Energy (MNRE) had earlier issued 'Procedure to apply for inclusion of a Wind Turbine Model in the Revised List of Models and Manufacturers of Wind Turbines (RLMM). The RLMM was a mechanism to ensure the quality and reliability of wind turbines installed in the country, for protecting the consumer interests while ensuring larger energy ministry said RLMM has been renamed as Approved List of Models and Manufacturers (Wind) -- ALMM (Wind) -- through an amendment."Further, it is now mandatory for the use of major wind turbine components, such as blade, tower, gearbox, generator and special bearings (Main, Pitch and Yaw Bearing) from the ALMM (wind turbine components) in the manufacturing of listed wind turbines," MNRE said. The ALMM (Wind Turbine Components) list will be issued by the ministry amendment also includes mandatorily locating Wind Turbine R&D Centre, Data Centre and/or Servers within India to strengthen the cybersecurity amendment will not be applicable to the already bid wind projects and captive/open access/C&I (commercial and industrial)/third party sale projects to be commissioned within 18 months from the date of issuance of the addition, new wind turbine manufacturers and/or new wind turbine models will be exempted from mandatory use of components listed in ALMM (wind turbine components) for a total capacity of 800 MW for a period of two years to promote the new technologies, having new innovation and performance efficiency not available indigenously. This step will boost the existing quality control mechanism, including the cybersecurity aspects, along with boosting domestic manufacturing in the wind sector.
Time of India
18 hours ago
- Business
- Time of India
Govt makes use of major wind turbine components from RLMM mandatory
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi, The government has made the use of major wind turbine components from the Approved List of Models and Manufacturers (Wind) mandatory, an official statement said on Ministry of New & Renewable Energy MNRE ) had earlier issued 'Procedure to apply for inclusion of a Wind Turbine Model in the Revised List of Models and Manufacturers of Wind Turbines ( RLMM ).The RLMM was a mechanism to ensure the quality and reliability of wind turbines installed in the country, for protecting the consumer interests while ensuring larger energy ministry said RLMM has been renamed as Approved List of Models and Manufacturers (Wind) -- ALMM (Wind) -- through an amendment."Further, it is now mandatory for the use of major wind turbine components, such as blade, tower, gearbox, generator and special bearings (Main, Pitch and Yaw Bearing) from the ALMM (wind turbine components) in the manufacturing of listed wind turbines," MNRE ALMM (Wind Turbine Components) list will be issued by the ministry amendment also includes mandatorily locating Wind Turbine R&D Centre, Data Centre and/or Servers within India to strengthen the cybersecurity amendment will not be applicable to the already bid wind projects and captive/open access/C&I (commercial and industrial)/third party sale projects to be commissioned within 18 months from the date of issuance of the addition, new wind turbine manufacturers and/or new wind turbine models will be exempted from mandatory use of components listed in ALMM (wind turbine components) for a total capacity of 800 MW for a period of two years to promote the new technologies, having new innovation and performance efficiency not available step will boost the existing quality control mechanism, including the cybersecurity aspects, along with boosting domestic manufacturing in the wind sector.
News18
20 hours ago
- Business
- News18
Govt makes use of major wind turbine components from RLMM mandatory
New Delhi, Jul 31 (PTI) The government has made the use of major wind turbine components from the Approved List of Models and Manufacturers (Wind) mandatory, an official statement said on Thursday. The Ministry of New & Renewable Energy (MNRE) had earlier issued 'Procedure to apply for inclusion of a Wind Turbine Model in the Revised List of Models and Manufacturers of Wind Turbines (RLMM). The RLMM was a mechanism to ensure the quality and reliability of wind turbines installed in the country, for protecting the consumer interests while ensuring larger energy security. The ministry said RLMM has been renamed as Approved List of Models and Manufacturers (Wind) — ALMM (Wind) — through an amendment. 'Further, it is now mandatory for the use of major wind turbine components, such as blade, tower, gearbox, generator and special bearings (Main, Pitch and Yaw Bearing) from the ALMM (wind turbine components) in the manufacturing of listed wind turbines," MNRE said. The ALMM (Wind Turbine Components) list will be issued by the ministry separately. The amendment also includes mandatorily locating Wind Turbine R&D Centre, Data Centre and/or Servers within India to strengthen the cybersecurity ecosystem. This amendment will not be applicable to the already bid wind projects and captive/open access/C&I (commercial and industrial)/third party sale projects to be commissioned within 18 months from the date of issuance of the amendment. In addition, new wind turbine manufacturers and/or new wind turbine models will be exempted from mandatory use of components listed in ALMM (wind turbine components) for a total capacity of 800 MW for a period of two years to promote the new technologies, having new innovation and performance efficiency not available indigenously. This step will boost the existing quality control mechanism, including the cybersecurity aspects, along with boosting domestic manufacturing in the wind sector. PTI ABI ABI BAL BAL view comments First Published: July 31, 2025, 20:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
Second list of solar models & manufacturers likely in 10 days
New Delhi: The government is likely to publish the ' approved list of models and manufacturers ' (ALMM)-II that would prescribe the specifics and manufacturers for solar cells in India within the next 10 days, two people aware of the development said. The list is used to mandate the use of locally made solar modules and cells to be used in projects. However, ALMM-II has not been published so far because "the installed solar cell capacity in the country was lower than demand" leading to ambiguity in the auctions. ALMM-I, which is currently applicable on solar modules, has worked like a non-tariff barrier and supported local capacity addition and halted imports. It prescribes the specifics and manufacturers in India that have been certified by the Bureau of Indian Standards . The Ministry of New and Renewable Energy had, last year, prescribed two important timelines for the mandate to use local solar cells. One was for the projects being tendered to have mandatory sourcing of solar cells from the second ALMM list, for which the cut off date was December 9, 2024.
