Suzlon

Sector: Renewable Energy (Wind Turbine Component Plant)  |  HQ: India  |  Founded: Not separately disclosed  |  Employees: Not separately disclosed

Listed as: Privately held  | 

Company overview

Suzlon operates in the renewable energy segment of the Indian market, with a presence noted in the wind turbine component plant category. The company is among the recognised participants in this segment alongside other Indian and multinational players. Operations follow the standard Companies Act 2013 disclosure framework where Suzlon is incorporated as a private or public limited company under Indian law, with statutory audit, GST registration under the CGST Act 2017, and applicable sectoral compliance under FSSAI, BIS, MoEF, or sectoral regulators as relevant to the activity. The competitive set in wind turbine component plant includes pan-India brands, regional players, and multinational subsidiaries operating in India through wholly-owned or joint-venture structures.

Recent developments

May 2026

Suzlon continues to demonstrate strong commercial momentum with significant order wins and platform developments. The S144 platform has crossed 2.4 GW in FY26, anchored by a 195 MW repeat order [1], while the company extended its partnership with Yanara for a 306 MW wind turbine order in Rajasthan [4] and secured a 100 MW contract from GAIL for a wind project in India [7][10]. This order pipeline underscores sustained demand for Suzlon's wind turbine solutions domestically.

In parallel, Suzlon is executing a strategic push into Europe, unveiling its Blue Sky platform with new 5 MW and 6.3 MW turbines specifically designed for European markets [8], with the CEO signalling the company intends to compete on value rather than price aggression [2]. The company has also entered an initial pact with Korean firm GS E&C to explore renewable energy business opportunities in India [3], while maintaining an optimistic outlook on India's ability to meet its 2030 renewable energy targets [6].

Sources (8)

1. Suzlon Wins 195 MW Repeat Order; S144 Platform Crosses 2.4 GW in FY26 - scanx.trade · scanx.trade · Fri, 22 May 2026
2. Suzlon chief on new Europe push: 'We're not here to undercut rivals' - Recharge News · Recharge News · Mon, 18 May 2026
3. Suzlon enters into initial pact with Korean firm GS E&C for RE biz in India - The Economic Times · The Economic Times · Mon, 20 Apr 2026
4. Suzlon and Yanara extend partnership with 306 MW Wind Turbine Orders in Rajasthan - suzlon.com · suzlon.com · Wed, 17 Dec 2025
5. Suzlon Energy Says India Set To Meet 2030 Target - NDTV Profit · NDTV Profit · Tue, 21 Apr 2026
6. GAIL contracts 100 MW of Suzlon turbines for wind project in India - Renewables Now · Renewables Now · Tue, 24 Mar 2026
7. Suzlon Unveils Blue Sky Platform, Launches 5 MW and 6.3 MW Wind Turbines in Europe - Saur Energy · Saur Energy · Wed, 22 Apr 2026
8. Suzlon Group Secures 100 MW Wind Energy Order from GAIL - Energetica India Magazine · Energetica India Magazine · Tue, 24 Mar 2026

Financial performance and recent trajectory

Disclosed revenue (FY25): Not separately disclosed in segment-wise FY 2024-25 reporting.

Competitive position

Suzlon occupies a position in the wind turbine component plant category alongside other listed and unlisted Indian players. Competitive intensity in the segment is shaped by raw material cost cycles, distribution depth, branded versus unbranded share, and the regulatory framework governing manufacturing, FSSAI labelling (for food), BIS standards (for engineering goods), or sectoral norms. The principal competitive moats in this category are typically scale, distribution reach, brand trust, and integrated procurement. KAMRIT's project report on wind turbine component plant benchmarks new entrant economics against the listed peer cost structure including capex per tonne (or per unit of output), working capital intensity, gross margin band, and the EBITDA delta between organised and unorganised participants.

Key risks

Input cost volatility in the wind turbine component plant value chain Competitive intensity from larger Indian groups and multinational subsidiaries Regulatory tightening under FSSAI, BIS, environmental norms, or labour codes

Outlook

Suzlon is a participant in the Indian wind turbine component plant category, which forms part of the broader Renewable Energy space. The Indian wind turbine component plant market continues to evolve with rising organised share, premiumisation, distribution expansion, and a regulatory architecture covering the Companies Act 2013, the Income Tax Act 1961, the CGST Act 2017, the Legal Metrology Act 2009, and sectoral statutes including the Food Safety and Standards Act 2006 (for food and beverage subsegments), the Drugs and Cosmetics Act 1940 (for pharmaceutical or healthcare adjacencies), the Environment Protection Act 1986 (for emissions and effluents), and labour codes consolidated under the four 2020 labour codes. In KAMRIT's project report framework for this category, the competitive set typically includes pan-India branded leaders, multinational subsidiaries, mid-sized regional players, and a long tail of MSME participants. The structural attractiveness of the category for new entrants is a function of (a) market growth rate, (b) the share that remains with unorganised or fragmented operators, (c) the cost of regulatory compliance, and (d) the capex intensity of plant and machinery. The KAMRIT bankable DPR for this category structures a new entrant's economics against this competitive landscape. For Suzlon specifically, public-domain disclosures provide a baseline view of operations, but segment-wise revenue, EBITDA, capacity utilisation, and forward capex plans are not separately broken out in many cases. Where the company is part of a listed group, the SEBI LODR and the Companies Act 2013 governance framework apply, with statutory audit conducted under SA 700 and CARO 2020 reporting. Where the company is unlisted, the Companies Act 2013 framework continues to govern with reduced public disclosure. The risk and opportunity outlook for Suzlon mirrors the broader wind turbine component plant category dynamics. Demand-side drivers include rising household consumption, urbanisation, organised retail expansion, and policy support including PLI schemes (where applicable to the segment). Supply-side risks include input cost volatility, regulatory tightening, environmental compliance escalation, and competitive intensity from larger groups or imports. Management quality, balance sheet strength, distribution depth, and the capex execution track record are the differentiators within the peer set. KAMRIT's research desk maintains a baseline reference for Suzlon as a peer benchmark within the wind turbine component plant category. For investors, lenders, or new entrant promoters seeking a fuller assessment of Suzlon, KAMRIT's deep-dive company profile engagement covers financial trajectory, capacity and capex, distribution and customer concentration, regulatory exposure, and the competitive position with named peers.

KAMRIT point of view

Building or competing with Suzlon?

KAMRIT advises promoters, family offices, and global enterprises evaluating greenfield entry into the renewable energy (wind turbine component plant) sector. Our Bankable DPR with Cost Model and ROI benchmarks your project economics against the listed-company cost structure of Suzlon and peers. The Execution Partnership tier covers everything from incorporation through commissioning. A 20-minute scoping call with our partners is free.

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Related KAMRIT project reports

These reports use Suzlon in benchmarking and competitive analysis sections.

Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.