Suzlon Energy Review

Suzlon Energy Ltd. is one of India’s most recognized renewable energy companies, widely known for its focus on wind energy solutions. Established with a vision to make clean energy accessible and affordable, Suzlon has played a crucial role in shaping the green energy sector in India. Read our Suzlon Energy reviews to make informed investment decisions.

Company Name: Suzlon Energy Ltd.
Ticker Symbol: SUZLON
Founded in: Surat, India (1995)
Headquarters: Pune, India
Market Cap: Approximately ₹74,279 crore
Share Prices: ₹54.18
P/E Ratio: 35.41
Industry: Electric Equipment
Type: Large Cap
Updated on October 22, 2025
Overview
Suzlon Energy Ltd. was founded in 1995 by entrepreneur Tulsi Tanti, the original Suzlon Energy owner, who recognized the early potential of wind energy. The company established itself as a prominent wind turbine manufacturer and service provider across India and international markets. While originally founded in Surat, Suzlon’s global headquarters is now located at the “One Earth” campus in Pune, Maharashtra, India.
The company offers a comprehensive range of wind energy solutions, including wind turbine generators (WTGs), wind resource assessment, turnkey project execution, and operation and maintenance (O&M) services. These combined offerings cover the complete project lifecycle from basic feature evaluation to long-term operational support.
Over the years, Suzlon expanded its footprint in more than 17 countries, with major operations in Europe, North America, and Asia. One of its strengths is offering end-to-end wind energy solutions, making it a trusted partner for large-scale renewable projects.
Suzlon’s stock has experienced a difficult move since its 2005 launch. The shares reached approximately ₹400 in 2008 before crashing below ₹10 due to debt issues, global financial slowdown, and internal restructuring. However, recent years have seen renewed investor interest driven by India’s clean energy push and the company’s recovery efforts, making Suzlon a notable corporate comeback story.
Timeline Expansion of Suzlon Energy Ltd.
Here is a brief overview of Suzlon’s significant turning points and development path:
- 1995: Tulsi Tanti founded Suzlon in Surat, Gujarat, driven by his business’s power challenges, launching India’s domestic wind energy industry.
- 2001: Commissioned first wind farm for Indian Petrochemicals Ltd, establishing technical credibility.
- 2005: Listed on NSE and BSE with an oversubscribed IPO raising ₹1,500 crore, enhancing visibility and access to expansion capital.
- 2006-2007: Strategic accession of Hansen Transmissions (Belgium) and REpower (Germany) made Suzlon the world’s most fully integrated wind manufacturer and fifth-largest globally.
- 2008: Reached peak market valuation as a top global renewable energy company, though rapid expansion created high debt and operational challenges.
- 2012-2015: Faced a severe debt crisis due to over-leverage and global financial slowdown. Suzlon Energy Ltd. completed financial restructuring with bank support, reducing interest burdens through debt conversion and refinancing.
- 2020: Refocused on the Indian market by divesting international assets, including Senvion, to improve financial health and operational focus.
- 2023: Achieved profitability after years of losses, with net debt reduced by over 90% compared to 2014.
- 2024: Benefited from India’s renewable energy boom, showing strong stock recovery and marking a significant corporate comeback.
- 2025: Achieved record 5.7 gigawatts (GW) order book and announced plans to scale capacity to 9 GW annually by FY 2028, driving strong stock performance and bullish market momentum.
Products & Services of Suzlon Energy Ltd.
Our Suzlon Energy reviews provide an overview of Suzlon Energy Ltd.’s products and services:
Wind Energy Products
Wind Turbine Generators (WTGs) offer a range of advanced wind turbines with capacities from 2.1 MW to 3.15 MW, optimized for diverse wind conditions across India and globally. Suzlon turbines are made in India with over 85% domestic components, supporting the Aatmanirbhar Bharat initiative.
Key models include:
- S120: Available with 120m and 140m hub heights, designed for low to medium wind sites, featuring lattice-tubular towers for challenging geographic conditions.
- S144: India’s largest wind turbine, extendable up to 3.15 MW, with hub heights up to 160m, delivering 40-43% higher generation than previous models, suitable for low-wind and complex sites.
Wind Energy Services
- Turnkey Project Execution: Comprehensive solutions covering site assessment, engineering, procurement, construction, and commissioning of wind farms.
- Operation & Maintenance (O&M): Long-term O&M services ensuring high turbine availability (over 98% for S120 fleet), reliability, and optimized energy output.
- Wind Resource Assessment: Detailed studies to maximize project efficiency and returns.
Solar Energy Solutions
Suzlon Energy is expanding into wind-solar hybrid solutions, having installed over 340 MW of solar capacity and developed a 1,500 MW hybrid park in Rajasthan since 2016. The company provides turnkey renewable energy solutions through strategic partnerships, supporting India’s 2030 clean energy targets.
What Are MW and GW?
– MW (Megawatt): 1 MW = 1 million watts; used to measure individual turbine or plant capacity.
– GW (Gigawatt): 1 GW = 1,000 MW = 1 billion watts; used for large-scale power generation totals, like national grids or total company output.
Subsidiaries of Suzlon Energy Ltd.
The strategic role operates through complementary domestic and international functions. Domestic arms focus on efficient service delivery and cost control, while international units drive global collaborations and readiness for expansion.
Domestic Subsidiaries
- Suzlon Structures Ltd. — Manufactures wind turbine towers.
- Suzlon Global Services Ltd. (SGSL) — Manages operations and maintenance for turbines across India; approved for merger with parent company by May 2024, expected completion in 6–10 months.
- Other Units — Manage component manufacturing, project logistics, and infrastructure.
International Subsidiaries
- AE-Rotor Holding BV (Netherlands) — Oversees European operations; merged with Suzlon Energy B.V. and SE Blades Technology B.V. (effective Feb 2025).
- Suzlon Wind Energy Corporation (USA) — Formerly active in North America; now scaled down.
- Senvion (Germany) — Sold to reduce debt and refocus on core markets.
Suzlon Energy (SUZLON) Share Price History
Here’s an illustration table from our Suzlon Energy company reviews that visually demonstrates Suzlon Energy’s share price history analysis:
| Period | Price Range (₹) | Change (%) | Market Sentiment and Remark |
|---|---|---|---|
| Jun 2023 – Oct 2023 | ₹15.30 → ₹30.60 | ▲ +100% approx. | Strong rally due to market optimism in renewables |
| Nov 2023 – Feb 2024 | ₹30.60 → ₹45.25 | ▲ +47.8% approx. | Continued upward trend with solid volumes |
| Mar 2024 – Jul 2024 | ₹40.40 → ₹69.38 | ▲ +71.6% approx. | Accelerated gains driven by positive earnings momentum |
| Aug 2024 – Oct 2024 | ₹75.84 → ₹66.95 | ▼ -11.7% approx. | Correction phase due to overbought conditions |
| Nov 2024 – Feb 2025 | ₹62.98 → ₹49.71 | ▼ -20.9% approx. | Price drop amid profit-booking and market volatility |
| Mar 2025 – May 2025 | ₹56.66 → ₹64.06 | ▲ +13.1% approx. | Price recovery showing return of bullish interest |
| Jun 2025 – Aug 2025 | ₹55.53 → ₹73.50 | ▼ -21.05% approx. | Price drop after a significant price increase |
| Sep 2025 – Oct 2025 | ₹52.00 → ₹60.97 | ▼ -3.99% approx | Pullback due to market uncertainty |
Updated on October 22, 2025
Reference: investing.com
Suzlon Energy’s stock price has experienced significant ups and downs over the past two years. The share price climbed dramatically from ₹15.30 in June 2023 to ₹64.06 by May 2025, delivering impressive gains of over 318% for investors willing to take risks.
The stock showed strong performance in two main periods. First, between June and October 2023, the price doubled in just a few months. Then, from March to July 2024, it gained even more momentum as trading activity increased and investors became more optimistic about renewable energy companies.
However, the stock also faced some challenging periods. In October 2024 and early 2025, the price dropped sharply by more than 20%, showing how quickly market sentiment can change when investors become worried about high valuations or uncertain market conditions.
The stock recovered between March and May 2025 as buyer interest returned. However, prices fell again from June to August 2025 due to profit-taking. By September and October 2025, slight declines were reflected in market uncertainty and cautious trading, while there were some temporary increases.
Overall, Suzlon’s price movement demonstrates both the potential rewards and risks of investing in volatile stocks. This makes it suitable mainly for investors who are comfortable with significant price swings and can handle the uncertainty that comes with such investments.
Is Suzlon Energy Ltd. a Good Investment?
Suzlon has strong potential due to a 5.7 GW order book, government support, and significant debt reduction—factors that could boost revenue and investor sentiment. However, project delays, high debt (₹7,200 cr), and regulatory barriers add downside risk. Its stock is also volatile, falling over 20% YTD in 2025.
Based on our Suzlon Energy reviews, Suzlon company offers opportunities for both short-term traders and long-term investors. Traders can capitalize on strong bullish momentum above key moving averages (major trend indicators), with profit targets at ₹50-70 and frequent sentiment-driven price swings. Long-term investors may benefit from India’s growing green energy sector, but must tolerate volatility and have confidence in India’s clean energy future.
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Disclaimer
This information is provided for educational purposes only and is not financial advice. Investing in the stock market involves risk. Please always conduct your own research or consult with a certified financial advisor before making any investment decisions.
FAQs
Suzlon Energy Ltd. is one of India’s leading renewable energy companies, specializing in wind turbine manufacturing and wind farm development. It provides turnkey solutions, including design, installation, operation, and maintenance of wind energy projects.
No, Suzlon Energy Ltd. is a privately owned company listed on the Indian stock exchanges. However, it operates within government-regulated sectors and benefits from renewable energy incentives and policies.
You can invest in Suzlon Energy by purchasing its shares through any SEBI-registered stockbroker on Indian exchanges like NSE or BSE. Always assess financials and consult a financial advisor before investing.
Suzlon Energy shows potential due to India’s push for renewable energy. However, investors should analyze its debt levels, profitability, and order book before investing. Expert reviews suggest cautious optimism with a long-term view.
Suzlon lags behind leaders like Adani Green in market cap and financial stability. However, it offers a low-cost entry into the renewable space, appealing to high-risk investors.