Stock Below Rs 50: This Multibagger Renewable Energy Stock Secures 250 MW Wind Order From Torrent Green Energy; Partnership Crosses 1.3 GW

On Tuesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 70.90 points (0.29 per cent) to 24,148.15. Amid the market movement, Suzlon Energy share price fell 0.62 per cent to Rs 46.76 after the company announced a new 250 MW wind order from Torrent Green Energy, taking their cumulative partnership to over 1.3 GW.

Suzlon Energy Secures 250 MW Wind Order

Suzlon Energy has secured a 250 MW wind order from Torrent Green Energy, a Torrent Group company. This marks the sixth order from Torrent Green Energy and takes the cumulative partnership between the two companies to 1,306 MW.

The partnership now spans three states — Gujarat, Karnataka and Madhya Pradesh. The latest order further strengthens Suzlon's presence in Madhya Pradesh, which the company stated is emerging as an important growth market for wind energy in India.

Under the latest order, Suzlon will supply 76 S144 wind turbine generators (WTGs), each with a capacity of 3.3 MW. The scope of the order also includes grid integration and long-term Operations and Maintenance services through Suzlon's Asset Management Services.

Suzlon Receives Over 1.1 GW Orders in FY27

The latest 250 MW order adds to Suzlon Energy's order momentum during the current financial year. According to the company, it has secured more than 1.1 GW of new orders in FY27 so far.

The Torrent Green Energy order also represents a continuation of a relationship that has developed over more than a decade. With the latest order, Torrent Green Energy has become one of Suzlon's largest customer partnerships, with cumulative orders reaching 1,306 MW.

Management Commentary

Girish Tanti, Vice Chairman, Suzlon Group, said: “For us, the true measure of success is not a single order, but partnerships that endure and grow over time. Torrent Green Energy has been one of our most valued partners for over a decade, and we are honoured that this relationship has grown into one of Suzlon’s largest customer partnerships. It is a reminder that in renewable energy, trust is earned through consistent performance, and long-term partnerships create the confidence to build India's energy future together.”

Ajay Kapur, Chief Executive Officer, Suzlon Group, said: “Customer confidence continues to be our biggest strength, which is reflected in 1.1 GW of new orders we've secured in FY27. This order further strengthens our presence in Madhya Pradesh, which is emerging as an important growth market for wind energy in India.”

Suzlon Energy Business

Suzlon Group is a wind-first, full-stack renewable energy solutions company with businesses spanning RE Technology covering wind, storage and Solar, RE Development Company, RE Projects, and RE Asset Management.
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The company reported FY26 revenue of more than USD 1.75 billion and had a market capitalisation of more than USD 8 billion as of June 30, 2026. Suzlon has installed more than 22,000 MW of wind energy capacity across 17 countries and has been operating in the renewable energy sector for more than three decades. Further, As per the data provided, Suzlon Energy has a PE ratio of 20.3, while its ROCE stands at 34.2 per cent.

The combination of the latest 250 MW order, more than 1.1 GW of orders secured in FY27 so far and the cumulative 1,306 MW Torrent partnership highlights the company's order momentum in the wind energy segment.

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Disclaimer: The article is for informational purposes only and not investment advice.