Suzlon’s positive momentum is driven by its recent significant wind energy order of 1,166 MW from NTPC Green Energy. The transaction strengthens Suzlon’s order backlog, which now stands at a record 5.1 GW, and provides improved revenue visibility and stability. With a robust order pipeline, Suzlon appears well-positioned for sustained growth and predictable revenues over the long term.
Suzlon Energy on Wednesday announced the resignation of Suzlon’s new business CEO Ishwar Chand Mangal, effective November 8, amid concerns over market volatility and rising input costs and competition in the wind turbine manufacturing industry. As a result, the stock closed 9% lower on the BSE.
Mr. Mangal has been with the company for approximately 28 years and has resigned to pursue new opportunities.
However, Thursday’s recovery suggests investor sentiment remains largely positive, driven by the company’s strong order book and a growing shift towards renewable energy in India.
ALSO READ | Suzlon Energy Q2 results: Net profit grows 96% YoY to Rs 201 million, revenue grows 48% %, reaching Rs 202 billion. Revenue for the corresponding period last year was Rs 102.29 crore. The company’s operating revenue increased by 47.68%. Revenue for Q2 FY25 stood at Rs 2,092.99 crore, up from Rs 1,417.21 crore in the previous year. Suzron attributed the growth to consistent year-on-year improvement in EBITDA, which reached Rs 294 million during the quarter.
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