Suzlon Energy Limited, established in 1995 by Tulsi Tanti, is a prominent Indian multinational specializing in renewable energy solutions, particularly wind energy. Headquartered in Pune, Maharashtra, Suzlon has a global footprint, having installed over 20.9 GW of wind energy capacity across 17 countries on six continents.
The company offers comprehensive services encompassing the design, development, manufacturing, installation, and maintenance of wind turbines. Suzlon’s product lineup includes advanced wind turbine generators like the S144, S133, and S120 models, tailored to various wind conditions citeturn0search7. With over 13,000 wind turbines installed globally and 14 manufacturing units in India, Suzlon has solidified its position as a leader in the wind energy sector.
Historically, Suzlon faced financial challenges, including significant debt and the sale of its German subsidiary, Senvion, in 2015. However, the company has since undertaken substantial restructuring efforts. As of May 2024, Suzlon secured a 402 MW wind energy project from Juniper Green Energy in Rajasthan, India, involving the installation of 134 wind turbine generators, each with a capacity of 3 MW.
Suzlon’s stock, listed on the National Stock Exchange of India (NSE) under the ticker SUZLON, has experienced notable growth. By August 2024, the company’s market capitalization reached ₹1 lakh crore (approximately US$11.6 billion), reflecting increased investor confidence and a positive trajectory in the renewable energy sector.
In summary, Suzlon Energy has demonstrated resilience and adaptability, transitioning from financial adversity to renewed growth, underscored by strategic projects and a strengthening position in the global renewable energy landscape.
Link to Suzlon Energy at NSE (National Stock Exchange India)
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