Suzlon Energy , India's leading wind energy solutions provider, has unveiled an ambitious plan to achieve 122 GW of wind capacity by fiscal year 2032 (FY32). This strategic move underscores the company's commitment to expanding its footprint in the renewable energy sector and aligns with India's growing focus on clean energy.

Strategic Focus on Diverse Wind Projects

The company plans to concentrate its efforts on wind projects across various segments:

1. Hybrid projects
2. Round-the-clock (RTC) power
3. Firm and dispatchable renewable energy (FDRE)

This diversified approach aims to cater to the evolving needs of the energy market and enhance grid stability.

Q2 FY26 Financial Highlights

Suzlon's recent financial results for Q2 FY26 demonstrate strong growth and operational performance:

The company achieved its highest-ever Q2 deliveries in India, contributing to the robust financial performance.

Order Book Strength and Market Position

Suzlon's order book has crossed the 6 GW mark, reaching 6.2 GW by the end of September 2025. This record-high order book provides clear revenue visibility and reinforces the company's leading position in the Indian wind energy market.

Manufacturing Capabilities

With India's largest domestic wind manufacturing capacity of 4.5 GW, Suzlon is well-positioned to meet the growing demand for wind energy solutions. The company's S144 wind turbine, designed for Indian conditions, has gained significant traction with over 2.3 GW of deliveries and 5+ GW of firm orders.

Industry Outlook and Government Initiatives

The wind energy sector in India is poised for significant growth, supported by several government initiatives:

1. Reduction of GST on wind turbines from 12% to 5%, optimizing Levelized Cost of Energy (LCoE)
2. Introduction of Approved List of Models and Manufacturers (ALMM) for wind, focusing on localization
3. Integration of Resource Adequacy Planning (RAPs) by states into their renewable expansion strategies

These measures are expected to boost wind energy adoption and support Suzlon's growth trajectory.

Management Commentary

Girish Tanti, Vice Chairman of Suzlon Group, expressed confidence in the company's future, stating, "With long-term visibility of 400 GW wind capacity by 2047, I'm confident we'll continue leading the market."

JP Chalasani, Group CEO, added, "As India's wind market gears up for installations of 6 GW in FY26, and 8 GW in FY27, we will continue to drive sustainable, profitable growth."

Suzlon's ambitious target of 122 GW wind capacity by FY32, coupled with its strong financial performance and robust order book, positions the company as a key player in India's renewable energy landscape. As the nation moves towards its clean energy goals, Suzlon appears well-equipped to capitalize on the growing opportunities in the wind energy sector.

Suzlon Energy , India's leading wind energy solutions provider, has reported a strong performance for the second quarter, marking significant growth across key financial metrics and operational parameters.

Financial Highlights

Suzlon's Q2 results showcase impressive year-on-year growth:

The company's profit after tax (PAT) saw a significant increase, boosted by a deferred tax gain of ₹718.00 crore during the quarter.

Operational Achievements

Suzlon achieved its highest-ever Q2 deliveries in India, installing 565 MW of wind energy capacity. This operational success has translated into strong financial performance, with the Wind Turbine Generator (WTG) business maintaining a healthy contribution margin.

Order Book Strength

The company's order book has expanded significantly, crossing the 6 GW mark to reach 6.2 GW. This includes over 2 GW of additions in the first half of FY26, providing a clear revenue outlook for the coming periods.

Market Position and Future Outlook

Girish Tanti, Vice Chairman of Suzlon Group, commented on the company's performance: "Suzlon is building a future-ready organisation focused on sustainable growth, reflected in our consistent performance over the last 11 quarters across PAT, Revenue, and EBITDA."

JP Chalasani, Chief Executive Officer, added: "With a clear focus on our core businesses, fully augmented largest domestic manufacturing capacity, and world-class products designed and made in India, we are best placed in the industry."

Industry Tailwinds

The Indian wind energy sector is poised for significant growth, with projections indicating annual installations to cross 6 GW this year. Government initiatives, including GST reduction on wind turbines from 12% to 5%, are expected to optimize the Levelized Cost of Energy (LCoE) and expand wind penetration.

Financial Position

As of September 30, 2025, Suzlon maintains a strong financial position with a net cash balance of ₹1,480.00 crore, providing financial flexibility for future growth initiatives.

Conclusion

Suzlon Energy's Q2 results demonstrate the company's strong market position and operational efficiency in the rapidly growing Indian wind energy sector. With a record order book, improved financials, and favorable industry tailwinds, Suzlon appears well-positioned to capitalize on the expanding renewable energy market in India.

Investors and industry observers will be watching closely to see if Suzlon can maintain this momentum in the coming quarters, especially as India pushes towards its renewable energy targets.