RENEWABLE ENERGY MARKET
SHARE to 500GW
THIS COMPANY GIVEN ROBUST GROWTH 4900%
2 RS to 86 Rs in 4 YEARS
| YEAR-MONTH | STOCK PRICE , INR | Growth ** |
|---|---|---|
| 2020, JAN LAST WEEK | 2.20 | |
| 2021 ,JAN LAST WEEK | 5.78 | 163% |
| 2022,JAN LAST WEEK | 10.65 | 384% |
| 2023, JAN LAST WEEK | 9.05 | 311% |
| 2024, JAN LAST WEEK | 48.60 | 2109% |
| 2024, SEP SECOND WEEK | 86.04 | 3810% |
| 2024 , NOV, 2024 LAST WEEK | 66.95 | 2943% |
| Growth %**reference value derived from the 2020,Jan value. | ||
| Stock was at lowest Rs 1.70 in March 2020 | 4961% |
Once burdened by debt, this renewable energy stock has delivered an extraordinary 4,300% return to investors in just four years. After dropping to ₹2 in 2020, it reached a high of ₹86 in September 2024 and is currently trading at ₹67 on NSE , BSE
The energy company is a SOLO key market player, manufacturing all components for wind turbines ,owned 30 subsidiary, providing its logistics and O&M Solutions strategically
RISE and FALL
- In 2003, Suzlon ventured into international markets with an order from DanMar to supply 24 turbines to United States.
- Suzlon Energy set up office in Beijing China Suzlon Rotor Corporation began producing the blades in Pipestone, Minnesota in 2006.
- Suzlon reached a definitive agreement for acquisition of Belgian firm Hansen Transmissions, specialized in wind turbine gearboxes $565 mn
- Suzlon in 2006 and purchased a controlling stake in Germany’s Senvion valued at US$1.6 billion in 2007.
- Suzlon In June 2007, Suzlon had signed a contract with Edison Mission Energy (EME) of the United States for delivery of 150 wind turbines.
- In November 2009, the company decided to sell 35% stake of Hansen for $370 million as part of its debt restructuring program.
- Suzlon In January 2011, received an order worth US$1.28 billion for building 1000 megawatts of wind energy projects from Caparo Energy.
- In May 2011, Suzlon announced returning to profitability for the first time after the financial crisis of 2009.
- Suzlon In October 2011, sold its remaining 26.06% stake in Hansen Transmissions to ZF Friedrichshafen AG for ₹8.9 billion( US$ 110mn)
- Suzlon achieved full control of its German subsidiary REpower Systems (now Senvion) by acquiring the remaining 5% stake held by minority shareholders for EUR 63 million.
- Suzlon announced its intention to sell stake in its China manufacturing unit to China Power New Energy Development Company Limited for ₹3.4 billion (US$41 million).
- In November 2013, Senvion won an Engineering, Procurement and Construction (EPC) contract from Mitsui Australia to deliver 52 wind turbines for the Bald Hills Wind Farm in Victoria, Australia.
Till August 2014, Suzlon’s debt increased to ₹8,000 crore (US$960 million). on 22 January 2015, Suzlon announced the sale of Senvion, its wholly owned subsidiary, to Centerbridge Partners, a private equity firm in a deal valued at ₹7,200 crore (US$860 million) to reduce the debts.
TURNING TIME of SUZLON
Dilip Shanghvi, the founder of Sun Pharmaceuticals, agreed to purchase a 23 percent stake in Suzlon for a sum of ₹1,800 Crore ( US$220mn) The deal shrank Tanti’s holding to 24 percent, but management control remained with the Tanti family.
Its total borrowings stood at ₹11,430.76 (US$140) in FY15-16 from ₹17,810.96 crore (US$2.1 billion) in FY14-15.
In May 2024, Suzlon secured new orders from Juniper Green Energy to develop 402 MW wind energy projects in Fatehgarh, Rajasthan. The deal includes installation of 134 wind turbine generators, each with a rated capacity of 3 MW.
ROBUST MARKET BOOK
SOLO Renewable Energy LEADER Manufactures all component of WIND TURBINE with owned 30 Manufacturing subsidiaries.
- Suzlon & Jindal Renewables Ink 400MW Captive Wind Power Deal to lead Decarbonization of Steel Production
- Synopsis. Suzlon Group has secured India’s largest wind turbine order of 1,166 MW from NTPC Green Energy Ltd. The project involves installing 370 wind turbines in Gujarat and will be the biggest wind energy initiative by a PSU in the state.
- SUZLON in First TRANCHE acquired 51% stake for a consideration of INR 400 cr.
- SUZLON will acquire an additional 25% stake within 18 months from the acquisition of the first tranche for a consideration of INR 260 Crore.
- Suzlon Group announced an order win for the supply of WTGs for a 642 MW wind power project from an Evren Company ” ABC Cleantech Pvt Ltd”( ACPL).
- Suzlon will supply 134 wind turbines with a capacity of 3 MW each to this project. The generated power will be used in FDRE (Firm and Dispatchable Renewable Energy) Hybrid and Merchant projects. This project could provide electricity to around 331,000 households and reduce CO2 emissions by about 1,307,000 tonnes annually.
BUSINESS STRATEGY
- Strategic acquisition to establish market leadership in the wind energy O&M service business, with the wind energy sector poised to exceed 100 GW by 2030
- Suzlon’s in-house OMS will focus on the current Suzlon fleet in India of ~15 GW and a growing order book while Renom will continue to focus on non-Suzlon wind turbine services market of ~32GW and growing in India
- This acquisition gives the Suzlon Group comprehensive presence and penetration into the non-Suzlon segments of the Indian Wind Energy Services industry
FINANCIAL Results
| FINANCIAL RESULTS YEAR, | TOTAL EARNING, INR,Cr | PROFIT ,INR, Cr | Reserve and Surplus INR Cr. YEARLY |
|---|---|---|---|
| SEP 2024, 2FY24 | 2103 | 200 | YEAR 2021 -5381 |
| JUN 2024 ,1QFY24 | 2021 | 302 | YEAR 2022 -5614 |
| MAR 2024, 4QFY24 | 2196 | 254 | YEAR 2023 -1335 |
| DEC 2023,3QFY23 | 1560 | 203 | YEAR 2024 1198 |
| SEP 2023, 2QY23 | 1421 | 102 | YEAR ------ |
GROWTH
RENEWABLE ENERGY MARKET SHARE 500GW BY 2030
| YEAR-MONTH | STOCK PRICE , INR | Growth ** |
|---|---|---|
| 2020, JAN LAST WEEK | 2.20 | |
| 2021 ,JAN LAST WEEK | 5.78 | 163% |
| 2022,JAN LAST WEEK | 10.65 | 384% |
| 2023, JAN LAST WEEK | 9.05 | 311% |
| 2024, JAN LAST WEEK | 48.60 | 2109% |
| 2024, SEP SECOND WEEK | 86.04 | 3810% |
| 2024 , NOV, 2024 LAST WEEK | 66.95 | 2943% |
| Growth %**reference value derived from the 2020,Jan value. | ||
| Stock was at lowest Rs 1.70 in March 2020 | 4961% |
Suzlon has a robust order book and continues to secure new contracts and projects, with a target to develop up to 500 GW of renewable energy by 2030.
The information provided here has been compiled from various sources, including the Suzlon website, NSE site, and Suzlon’s Wikipedia page. This content is intended solely for knowledge and learning purposes.
INDIA LARGEST AMMONIA MANFACTURER
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