Latest news with #RevisedListofModelsandManufacturersofWindTurbines
Economic Times
31-07-2025
- 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
31-07-2025
- 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
31-07-2025
- 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.
Economic Times
14-05-2025
- Business
- Economic Times
Rebound ahead: Why Motilal Oswal sees 30% upside in Suzlon Energy
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Citing the draft RLMM (Revised List of Models and Manufacturers) notification that requires local content in wind turbines, domestic brokerage firm Motilal Oswal projects 30% upside in Suzlon Energy The brokerage firm has reiterated its 'buy' rating on the stock with a target price of Rs 75, stating that the stock is currently trading at 24x FY27E PE, which seems attractive after the recent stock has corrected from its high of Rs 86.04 to a recent low of Rs 51.10, which marks a decline of 40.6%.'The recent draft Revised List of Models and Manufacturers of Wind Turbines (RLMM) notification mandating local content in wind turbine manufacturing is a key medium-/long-term positive for Suzlon Energy (SUEL),' Motilal Oswal said in its draft amendment mandates domestic manufacturing of key components—blades, towers, gearboxes, and generators—with a one-year exemption allowing limited imports (lower of up to 50 turbines or 200 MW). Local manufacturing of gearboxes and generators will become compulsory six months after the rules take brokerage firm noted that its channel checks indicate that power project developers are expected to request a deferment in the implementation of the draft notification, although there is broad consensus that its formal adoption is highly is anticipated that the said draft RLMM notification presents two key implications: 1) if regulatory approval is granted, competitive intensity is likely to moderate in the medium term, and 2) Suzlon has the potential to further expand its market share, as Indian OEMs currently account for only 50-60% of new orders, while the company's integrated domestic manufacturing capabilities span all key to Motilal Oswal, other key positives for Suzlon include the rising share of EPC contracts in the order book and easing transmission brokerage notes that the company is targeting to increase its EPC share from 20% to 50% in the medium term, enhancing visibility and control over deliveries. Additionally, Indian OEMs exploring export opportunities could serve as a medium-term domestic brokerage firm also highlights strong earnings momentum ahead for the renewable energy player, projecting FY26 deliveries of 2.4GW, implying a quarterly run rate of 600MW, which they consider achievable given the 447MW delivered in firm estimates Suzlon's revenue and adjusted PAT to grow at a CAGR of 46% and 58%, respectively, over FY25-27. Additionally, key orders planned for FY26 reportedly have substantial land acquisitions completed and possess high power evacuation visibility.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
14-05-2025
- Business
- Mint
Multibagger stock: Motilal Oswal sees 30% upside in Suzlon share price after 2,300% rally in five years
Suzlon Energy share price rose by almost 5% during Wednesday's trading session, marking the third consecutive day of gains after brokerage Motilal Oswal reaffirmed its 'Buy' recommendation on the multibagger stock. The brokerage set a target price for Suzlon Energy shares of ₹ 75 apiece, suggesting a potential upside of 30% compared to the stock's closing price on Tuesday. The brokerage noted in its report that the newly-issued draft Revised List of Models and Manufacturers of Wind Turbines (RLMM) requirement for local content in wind turbine production is a significant positive factor for Suzlon Energy in the medium and long term. Based on its investigations, power project developers are expected to ask the government for a postponement of the draft notification's implementation, although there is broad agreement that the notification's official adoption is quite probable. Motilal identifies two main implications from the recent draft RLMM notification. First, if the draft is approved by regulators, it expects a decrease in competitive intensity in the medium term. Second, there is potential for Suzlon to increase its market share further, as Indian OEMs currently represent only about 50-60% of new orders, and the company has integrated domestic manufacturing capabilities for all essential components. Motilal reports that Suzlon aims to increase its proportion of EPC contracts in its total order book from the current 20% to 50% in the medium term, which will be crucial for enhancing visibility and control regarding deliveries. 'Further, Indian OEMs are now exploring export opportunities that may emerge as a medium-term catalyst. While transmission issues have been a bottleneck, recent channel checks suggest some of the delayed sub-stations are now coming up, thus aiding deliveries,' the brokerage said. The brokerage projects a delivery of 2.4GW for FY26, suggesting a quarterly run rate of 600MW, which it considers plausible. The estimates from the brokerage indicate that the company's revenue and adjusted PAT will grow at CAGRs of 46% and 58%, respectively, from FY25 to FY27. Based on the brokerage's insights, significant land acquisitions for key orders planned for FY26 have already been completed, and there is a clear visibility on power evacuation. Suzlon Energy share price today opened at ₹ 57.84 apiece on the BSE, the stock touched an intraday high of ₹ 60.30 per share, and an intraday low of ₹ 57.43 apiece. Shares of Suzlon Energy have surged almost 2,300% in five years, providing multibagger returns for its investors. 'We reiterate our BUY rating on SUEL with a target price of ₹ 75 (based on 32x FY27E EPS). Suzlon Energy is currently trading at 24x FY27E PE, which we believe is attractive after the recent correction,' the brokerage said. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
