DIIs Bought 4,00,34,002 Shares: Multibagger Renewable Energy Giant Bags 100.8 MW Wind Project Order from Sunsure Energy for EPC Execution in Maharashtra

The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years.

Suzlon Energy Ltd traded positively in today’s session, gaining 1.29 per cent to Rs. 55.04 as of 11:58 AM. The stock opened slightly higher at Rs. 54.38 compared to the previous close of Rs. 54.34. The upward movement is supported by investor optimism following Suzlon’s announcement of a significant 100.8 MW EPC wind power project order from Sunsure Energy.

Suzlon is accelerating  renewable  energy  adoption  among  large  corporations  through Independent  Power  Producers (IPPS), support India's clean energy transition and the national goal of achieving 500 GW of non‐fossil fuel capacity by 2030. Strengthening this commitment, Suzlon has secured a 100.8 MW EPC wind power order from Sunsure Energy, marking their maiden foray into wind energy. The project is set to be executed in Maharashtra’s Jath region.

Under this agreement Suzlon will supply 48 state‐of‐the‐art S120 wind turbine generators (WTGs) with Hybrid  Lattice Towers (HLT), each rated at a 2.1 MW capacity. It will supply the wind turbines, oversee equipment  installation, and execute the project, including erection and commissioning, while providing comprehensive operations  and  maintenance  services  post‐commissioning.  This  project  will  enhance  Sunsure  Energy’s renewables portfolio and support its goal of delivering Round‐The‐Clock power to customers in Maharashtra. 

Mr. JP Chalasani, Chief Executive Officer, Suzlon Group, said, "Adopting wind energy by large corporations is imperative for achieving India's 500 GW non‐fossil fuel target by 2030. Increasingly, Independent Power Producers  (IPPs)  are  recognising  wind's  potential  to  make  power  more  accessible,  affordable,  and  high‐quality. This transition not only supports our energy goals but also drives sustainable economic growth and innovation across the industry."

Mr. Vivek Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, "We are thrilled to partner with Sunsure Energy on their inaugural wind project, advancing India’s renewable energy transition. We aim to  collaborate  with  numerous  Independent  Power  Producers  (IPPs)  in  India,  to  amplify  the  country's renewable energy movement.” 

Mr. Manish Mehta, Co‐Founder & Chief Commercial Officer (CCO), Sunsure Energy said, " At Sunsure, we are committed to empowering our customers with best‐in‐class renewable energy solutions. Expanding our portfolio to include wind energy in Maharashtra will enhance our Round‐The‐Clock (RTC) renewable energy capabilities,  allowing  us  to  offset  an  even  larger  share  of  our  customers’  power  consumption  with  green energy.  This  project  diversifies  Sunsure  Energy’s  renewables  portfolio  and  marks  a  key  milestone  in  our journey  to  reach  10 GW  capacity  by  2030.  This  partnership  with Suzlon  will  help  us  in  creating  the most dependable clean energy solutions for India’s businesses and contributing meaningfully to India’s sustainable future."

The company has a market cap of over Rs 20,000 crore with a 3-year stock price CAGR of 115 per cent. The company’s order book is 3,286 MW as of December 31, 2024. DIIs bought 72,76,501 shares and increased their stake to 9.81 per cent in December 2024 compared to September 2024. The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years. Investors should keep an eye on this multibagger stock under the radar.

Disclaimer: The article is for informational purposes only and not investment advice.