Mumbai, June 16, 2026, 22:41 (IST)
- Suzlon Energy shares surged up 6.5% to ₹59.25 on the BSE, before ending the session around ₹57.92, up 4.23%.
- Suzlon shares rose after it launched its S175 5 MW turbine and the government said it would look at repowering old wind turbines.
- Brokers are split. Motilal Oswal and JM Financial rate the stock a “Buy.” Nuvama sticks with a “Hold.”
Suzlon Energy stock climbed Tuesday, getting a lift from moves in the wind energy space. The rally followed Suzlon’s unveiling of its S175 5 MW turbine and news that the government is reviewing older turbines for replacement with bigger models. Suzlon hit ₹59.25 on the BSE during the session, a level it hadn’t reached since November 7, 2025. Shares ended at ₹57.92, up 4.23%. Data sourced from The Economic Times and Business Standard. The Economic Times
Repowering is getting notice as a way to boost new wind demand without having to find new sites. India’s Renewable Energy Minister Pralhad Joshi has asked the Wind Independent Power Producers Association and the Indian Wind Turbine Manufacturers Association to review old turbines in the next 30 days. “Since we have a large number of old turbines, I would like IWTMA and WIPPA to submit a detailed assessment within 30 days,” Joshi said at a Global Wind Day event in Goa, Moneycontrol reported. Moneycontrol
Suzlon issued a fresh update on its wind power tech, saying its S175 turbine running at Vijayanagar, Karnataka stands as the tallest and most powerful in India now. The turbine has a 175-metre rotor, sits on a 160-metre hybrid lattice tower, and reaches a blade-tip height of 247.5 metres. It’s FDRE-ready for firm and dispatchable power, Suzlon said, which makes wind more stable on the grid. “India’s growing strength in advanced clean energy innovation,” Power Minister Joshi said of the turbine. Suzlon Executive Vice Chairman Girish Tanti pointed to its impact on “previously unviable wind sites.” Suzlon
Suzlon is rolling out its “Suzlon 2.0” push, looking to move beyond making wind turbines. Earlier this month, the company said it’s targeting a shift to a broader renewables play led by wind, plus solar, batteries, project development and asset management. Suzlon is chasing 10 GW in yearly renewables sales by FY31, with a 15 GW order book and 70 GW in assets under management, well up from the current 18 GW. Suzlon
Brokerages led the latest move in the stock, but it’s still a mixed call. Motilal Oswal and JM Financial put “Buy” ratings on it with targets of ₹65. Systematix is at ₹71. Centrum is at ₹75, according to The Economic Times. Nuvama stayed with a “Hold” and bumped its target just a rupee to ₹56 from ₹55, saying most growth may come later. The Economic Times
Investors are watching for the government’s review of old turbines, due around mid-July, and signs of new orders for Suzlon’s larger turbines. Momentum is building in India’s wind sector. The Press Information Bureau says wind capacity hit 56.09 GW by March 2026. The official target: 100 GW by 2030 and 156 GW by 2036. Suzlon is betting on this growth. But the big question is whether new products, policy moves, and the company’s FY31 targets translate into actual orders, profits, and cash. Gov
