Latest news with #SuzlonGroup
The Hindu
17 hours ago
- Business
- The Hindu
Implement revised local sourcing norms for wind turbines immediately: Suzlon Group's Chalasani
As India plans to have 500 GW non-fossil energy capacity by 2030, wind energy is expected to contribute a fifth of that target. Yet, with only 4% of its 1.1 TW (Tera Watt) wind potential tapped, the sector's true challenge lies not in potential, but in execution said J.P. Chalasani, CEO, Suzlon Group, one of India's largest renewable energy companies, in an interview. He said policy reform, cybersecurity, and indigenous R&D were crucial for the success of the wind energy sector in the country. 'Revised List of Models and Manufacturers (RLMM) reforms are a start. Implementation can not wait,' he emphasised. The Ministry of New and Renewable Energy (MNRE) recently revised its RLMM guidelines, mandating local sourcing of critical components like blades, gearboxes, generators, and towers. RLMM guidelines must mandate this not just for new models, but for all existing listings as well, he stated. The revised RLMM guidelines were also to strengthen cybersecurity norms. 'It is a strategic shift—but over a year late. The guidelines must now be implemented swiftly and without dilution,' he pointed out. Stating that India's wind manufacturing ecosystem was more than ready, he said, 'We have over 20 GW turbine manufacturing capacity, but only 20% is utilised. Our blade capacity is 28 GW, including 11 GW from independent manufacturers. Generator capacity is 17 GW—yet underutilised.' The new policy, if enforced, could restore local content levels to 75% by 2026 and 85% by 2028, he stated. Emphasizing the danger of cyber threat to the wind turbines and the grid Mr Chalasani said, 'Wind turbines are not just machines—they are grid-connected, data-exchanging systems. A single breach can ripple into a national grid failure,' he warned. 'Cybersecurity is not compliance—its sovereignty,' he mentioned. He urged mandatory certification of all digital and hardware components—especially those of foreign origin—by Indian agencies such as Central Electricity Authority, MeitY, and Standardization Testing and Quality Certification (STQC) Directorate. 'Embedded malware and hardware trojans are real risks. We need deep protocol-level checks,' he said. MNRE's latest draft also mandates that all turbine operations, data centres, and control systems reside within India—a move which is 'non-negotiable for national security,' he said. Recalling the contribution of late Tulsi Tanti, the founder and MD of Suzlon Energy, Mr Chalasani said, 'He was not just a founder, he was the spirit of Indian renewables. The turnaround we have achieved is our tribute to his vision,' he said. Mr Tanti suddenly passed away in October 2022 raising a question mark on Suzlon's future. Under Mr. Chalasani's leadership, Suzlon has become debt-free and cash-rich, with ₹2,000 crore on its balance sheet. The company's latest 3.15 MW turbine model—engineered for Indian terrain and climate—has been a success. Today, Suzlon has an order book of 5.5 GW, over half of it from industrial and commercial consumers (C&I), and nearly 26% from public sector giants like NTPC and SJVN. 'India Inc. wants reliable green power. Being Indian-designed, Indian-operated, with 25-year service support—that is our edge,' he said. Unlike solar, which he called a 'commodity technology,' Mr. Chalasani, an energy sector veteran said, wind turbines are engineering-intensive and site-specific. 'You can not just import a design meant for Europe and tweak it for Rajasthan,' he said Locally designed and tested turbines reduce downtime, minimise grid disruptions, and enhance long-term operational efficiency, he pointed out. On the government's policy support, he said for too long, Indian OEMs had competed on an uneven field against foreign players importing partially built turbines. 'These new guidelines give us, finally, a level playing field,' he emphasized.
Hans India
3 days ago
- Business
- Hans India
Suzlon Energy's decade-high performance
Mumbai: Suzlon Energy on Thursday reported a nearly fivefold jump in consolidated net profit to Rs 1,181 crore for the March quarter, mainly on the back of higher revenues. The company reported a consolidated net profit of Rs 254 crore in the quarter ended March 2024, a BSE filing said. Total income rose to Rs 3,825.19 crore in the quarter from Rs 2,207.43 crore a year ago. During 2024-25, the profit rose to Rs 2,072 crore from Rs 660 crore in the previous financial year. Total income increased to Rs 10,993.13 crore from Rs 6,567.51 crore in the year-ago period. "FY25 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," Girish Tanti, Vice Chairman, Suzlon Group, said.
Business Standard
4 days ago
- Business
- Business Standard
Suzlon Energy soars after Q4 PAT zooms 365% YoY to Rs 1,182 cr
Suzlon Energy surged 11.31% to Rs 72.82 after the company's consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) soared 118% Yo Y to Rs 551.24 crore in Q4 FY25. EBITDA stood at Rs 693 crore, registering the growth of 94.12%, compared with Rs 357 crore posted in corresponding quarter last year. EBITDA margin expanded to 18.4% in Q4 FY25 as against 16.4% in Q4 FY24. Net volumes soared 109.89% to 573 MW in Q4 FY25, compared with 273 MW in Q4 FY24. On full year basis, the companys consolidated net profit soared 213.7% to Rs 2,071.63 crore on 67% jump in revenue from operations to Rs 10,851.32 crore in FY25 over FY24. Girish Tanti, vice chairman, Suzlon Group, said, "FY25s performance sets the stage for Suzlons 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 Suzlons 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 Indias 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 Indias 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 Energy is primarily engaged in the business of manufacturing, project execution and operation and maintenance service (OMS) of Wind Turbine Generators (WTGs) and sale of related components of various capacities.
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Business Standard
4 days ago
- Business
- Business Standard
Suzlon Energy shares soar 13% in best session in 2 years after Q4 results
Shares of Suzlon Energy surged over 13 per cent to the highest level since October last year after its profit rose multifold in the fourth quarter of the previous financial year (Q4FY25). The heavy electrical equipment manufacturer's stock rose as much as 13.57 per cent during the day to ₹74.3 per share, the biggest intraday gain since June 2023. The stock pared gains to trade 11.5 per cent higher at ₹72.9 apiece, compared to a 0.13 per cent decline in Nifty50 as of 9:50 AM. Shares of the company have gained for the third straight month, with a rally of over 28 per cent in May so far. The counter has risen 16.8 per cent this year, compared to a 5 per cent advance in the benchmark Nifty50. Suzlon Energy's market capitalisation has crossed the ₹1 trillion mark, regaining the level it lost in October 2024. Track LIVE Stock Market Updates Here Suzlon Energy Q4FY25 results The wind turbine manufacturer's net profit surged multi-fold to ₹1,180.98 crore in Q4FY25, compared to ₹254.12 crore in the same period of the previous fiscal year. Revenue from operations rose 73 per cent year on year (Y-o-Y) to ₹3,773.54 crore in Q4 FY25, up from ₹2,179.20 crore reported in the corresponding quarter last year. The company's total income also grew 73 per cent YoY to ₹3,825 crore during the quarter under review, compared with ₹2,207 crore in Q4 FY24. For the full fiscal year 2024-25, Suzlon's net profit soared 213.7 per cent Y-o-Y to ₹2,071.63 crore, significantly higher than the ₹660 crore recorded in FY24. Revenue from the wind turbine generator segment rose 34.6 per cent Y-o-Y to ₹3,141.74 crore in Q4 FY25, compared with ₹2,335 crore in the corresponding quarter last year. Suzlon Energy management commentary "FY25's performance sets the stage for Suzlon's next phase of strategic evolution and market leadership," Girish Tanti, vice chairman, Suzlon Group, said in a statement. "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. India will most certainly shape the global narrative on clean energy leadership and climate action.' About Suzlon Energy The company, part of the Suzlon Group, is a renewable energy solution provider based in Pune, India. The company has installed approximately 20.9 GW of wind energy capacity across 17 countries. Suzlon's operations include research and development centres in Germany, the Netherlands, Denmark, and India, as well as manufacturing facilities in India. The company produces 2.x MW and 3.x MW series of wind turbines.
News18
5 days ago
- Business
- News18
Highest Profit In A Decade: Suzlon Q4 Net Profit Surges 365% To Rs 1,182 Crore, Revenue Up 73%
Last Updated: Suzlon Q4 Results: Its revenue from operations surges 73 per cent to Rs 3,773 crore, compared with Rs 2,179 crore in the year-ago period. Suzlon Energy Q4 Results: Suzlon Energy on Thursday reported a 365 per cent year-on-year (YoY) jump in its consolidated net profit to Rs 1,182 crore for the fourth quarter ended March 31, 2025. Its revenue from operations during January-March 2025 surged 73 per cent to Rs 3,773 crore, compared with Rs 2,179 crore in the year-ago period. The net profit had stood at Rs 254 crore in the corresponding quarter last year. This is the highest profit for Suzlon in a decade. Suzlon Group Vice Chairman Girish Tanti 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." The company's EBITDA also jumped to Rs 693 crore in Q4FY25, against Rs 357 crore a year ago. Suzlon Energy has posted its EBITDA margin at 18.4 per cent, compared with Rs 16.4 per cent in the year-ago quarter. Himanshu Mody, chief financial officer of 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." On a quarterly basis, Suzlon Energy's profit after tax (PAT) increased 205% as compared to Rs 387 crore in Q3FY25, while the revenue grew 27% versus Rs 2,969 crore reported a year ago. Suzlon Order Book Suzlon's order book has grown seven times in three years between March 2022 and March 2025, according to the latest regulatory filing. In April and March this year, Suzlon received orders for 100.8 megawatt (MW) from Sunsure Energy, 378 MW from NTPC Green and 50.4 MW from BPCL. J P Chalasani, chief executive officer of 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." The company's continued focus on safety, quality, ESG, and customer satisfaction will guide it, as we step into the next phase of India's energy journey, he added. Shares of Suzlon Energy on Thursday fell by 1.37 per cent to close at Rs 65.42 apiece on the BSE. Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
