Green Energy Stock Jumps 3% After Receiving 249 MW Wind Order from ArcelorMittal

Synopsis: Shares rose over 3% after securing a 248.85 MW wind order, strengthening its role in green steel. The order book stands at ~6.2 GW, with record quarterly deliveries of 565 MW and a strong H2 pipeline of 1,865 MW. Management targets 25% market share in FY26, backed by marquee clients and execution visibility.

The shares of a prominent renewable energy solutions provider gained up to 3.3 percent in today’s trading session after the company bagged its first 248.5 MW wind order from ArcelorMittal.

With a market capitalization of Rs 64,573.75 crore, the shares of Suzlon Energy Ltd were trading at Rs 47.09 per share, increasing around 3 percent as compared to the previous closing price of Rs 45.85 apiece.

Significant Order

The shares of Suzlon Energy Ltd have seen positive movement after securing its first 248.85 MW wind order from ArcelorMittal, strengthening its role in India’s green steel transition. This fourth green steel order takes Suzlon’s total contribution to ~1,156 MW. The project in Bachau, Gujarat, involves supplying 79 S144 turbines of 3.15 MW each, reinforcing Suzlon’s leadership in industrial decarbonisation.

Financials

The company delivered an exceptional financial performance, with revenue surging 84% YoY to  Rs 3,871 crore in Q2FY26. Net profit jumped sharply by 536% to  Rs 1,279 crore, reflecting strong operating leverage, improved margins, and favorable business conditions, driving a significant earnings turnaround.

Suzlon reported a sharp improvement in Q2 FY26 execution, delivering a record 565 MW, up 121% YoY. Despite commissioning delays in H1, the company has strong H2 visibility with an execution pipeline of 1,865 MW across 29 sites. Management remains confident of achieving ~25% market share in FY26, supported by completed erections and ready-to-commission capacities.

Suzlon’s order book continues to strengthen, reaching a record ~6.2 GW by September 2025, up steadily from ~2.9 GW in March 2024. This sharp expansion reflects strong demand visibility and a robust execution pipeline, providing confidence in future revenue growth. The rising order backlog underlines Suzlon’s improving market position in India’s wind energy space.

The order mix remains favorable, led by higher-capacity S144 turbines contributing ~90%, with captive and C&I projects forming ~51% of the portfolio. Non-EPC orders account for ~80%, supporting asset-light execution. State-wise diversification across Karnataka, Gujarat, Andhra Pradesh, and Maharashtra reduces concentration risk and strengthens the long-term sustainability of the business.

Suzlon’s strong order book is supported by a marquee client base that includes ACC, Adani Group, NTPC, ONGC, Tata Group, Vedanta, Torrent Power, ReNew Power, Hero Future Energies, and Sembcorp. The presence of leading corporates, PSUs, and global renewable players highlights Suzlon’s execution strength, diversified revenue base, and growing credibility across India’s clean energy ecosystem.

Management reiterated confidence in delivering 60% YoY growth in FY26 and achieving a 25% market share, backed by strong H2 execution visibility. Export plans remain on track, targeting first orders in FY27. Leadership was strengthened with a new CFO appointment, while management emphasized wind’s critical role in delivering lower-cost firm renewable power compared to solar-plus-storage-only solutions.

Suzlon Energy is India’s leading wind energy solutions provider with a strong presence across the renewable power value chain. The company designs, manufactures, and services wind turbines, supporting utilities and corporates in their clean energy transition, while playing a key role in advancing India’s renewable and decarbonisation goals.

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