Suzlon Shares Trade Lower Despite BPCL Order Win; Should You Buy, Sell Or Hold?
Shares of Suzlon Energy Ltd are expected to be in the spotlight on Friday after the company secured a wind energy project from Bharat Petroleum Corporation Ltd
Shares of Suzlon Energy Ltd were trading 2.65% lower on Friday, even as the company secured a wind energy project from Bharat Petroleum Corporation Ltd (BPCL), which is pushing forward with its renewable energy transition strategy to cut reliance on imported fossil fuels.
BPCL announced that it has awarded contracts for 100 MW of wind power projects—50 MW each in Madhya Pradesh and Maharashtra. Suzlon will execute the Madhya Pradesh project, while Integrum Energy Infrastructure will handle the Maharashtra installation. Both projects are slated for commissioning within two years.
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“These wind farms will cater to the captive power needs of BPCL’s Mumbai and Bina refineries, replacing fossil-based energy with clean wind power. This is a significant step in BPCL’s plan to build a 10 GW renewable energy portfolio by 2040," BPCL said in a statement.
On Thursday, Suzlon Energy shares closed 2.6% lower at Rs 53.22, valuing the company at over Rs 72,500 crore. The stock is currently down 38% from its 52-week high of Rs 86.04 (touched in September 2024), and has declined 20% on a year-to-date basis.
Suzlon has yet to disclose this order to the stock exchanges and has not announced a date for its March 2025 quarter results.
As of March 31, 2025, promoters held a 13.25% stake in Suzlon, while public shareholders owned 86.75%. Mutual funds held 4.17%, and retail investors (with holdings up to Rs 2 lakh) collectively owned a 25.12% stake across over 56 lakh investor accounts.
According to JM Financial, Suzlon’s Q4FY25 revenue is expected to grow 56% year-on-year to Rs 3,421.1 crore, driven by higher dispatch volumes. The brokerage sees Ebitda rising 52% to Rs 542.4 crore, with net profit likely surging 75% to Rs 444.7 crore. JM Financial maintains a ‘Buy’ rating with a target price of Rs 71. Motilal Oswal also has a ‘Buy’ call on Suzlon, with a target price of Rs 75.
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