Suzlon Energy resumed operations at its Puducherry facility last year, with a current capacity of 4.5 GW. The company is expanding its manufacturing footprint by adding three new blade production plants—one each in Gujarat and Karnataka, with the third location yet to be finalized. These additions aim to accelerate execution of the existing order book and enable better service for future projects by improving proximity to sites. Suzlon is also implementing digitized and AI-enabled smart manufacturing across its plants to enhance efficiency and quality. The company expects an annual capex of INR 5–5.5 billion over the next 2–3 years.
These initiatives are expected to reinforce Suzlon’s position as a reliable supplier of quality wind turbines at scale, with timely delivery and long-term service support. The company plans to raise the share of EPC projects from 20% to 50% by FY28 and is exploring export and repowering opportunities.
Despite a muted backdrop for new renewable capacity additions, Suzlon delivered strong H1FY26 operating metrics. Management highlighted a robust order book, healthy near-term order inflow for 18 GW of projects, export readiness, and planned capex. Trading at 27x FY27E EPS, Suzlon remains a key beneficiary of new wind capacity, with a BUY rating and target price of INR 76, valuing the stock at 40x FY27E EPS.
