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Suzlon Energy, Inox Wind shares rise up to 8% on this notification on wind turbine models

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Suzlon and Inox Wind Stocks Surge After New Wind Energy Policy Draft

Shares of Suzlon Energy and Inox Wind experienced a significant boost, climbing as much as 8% on Monday, April 21. This surge followed the Ministry of New and Renewable Energy’s (MNRE) release of a new draft notification concerning the Revised List of Models & Manufacturers (RLMM) for wind turbine models.

What’s in the New Draft Notification?

The key takeaway from the draft notification is its emphasis on local sourcing. It mandates the use of domestically produced key components in wind turbine manufacturing. This includes critical parts like:

  • Blades
  • Gearbox
  • Generators
  • Towers

The aim is clear: to increase the amount of Indian-made content in wind turbine production. The notification specifically requires that blades, towers, gearboxes, and generators must be procured from domestic vendors.

Data Centers and R&D Also in Focus

Beyond component sourcing, the notification outlines further requirements. Within six months, companies will also need to:

  • Locate their data center in India.
  • Establish a Research & Development (R&D) center in India.

Addressing Concerns About Chinese OEMs

This move appears to be targeted at addressing concerns surrounding the presence of Chinese Original Equipment Manufacturers (OEMs) in the wind turbine generator market. The goal is to mitigate potential losses in market share and alleviate pressure on Wind Turbine Generation (WTG) margins.

Company Insights

Suzlon’s Perspective

In a CNBC-TV18 interview on March 27, Suzlon Group CEO JP Chalasani acknowledged challenges in executing wind energy projects. He also indicated that Suzlon’s order book for financial year 2026 is projected to be similar to the current financial year.

Inox Wind’s Outlook

Inox Wind’s management conveyed to CNBC-TV18 their plans to deliver 800 MW in financial year 2025 and 1,200 MW in the ongoing new financial year.

Furthermore, the management emphasized that ongoing trade wars would not impact their business, as they are primarily focused on the Indian market.

Stock Performance Update

As of Monday, shares of Suzlon Energy were trading 7.5% higher at ₹59.22. However, it’s worth noting that the stock has corrected nearly 40% from its recent high of ₹86.

Similarly, Inox Wind’s shares were trading 3.7% higher at ₹168.9, but are down 37% from their recent highs of ₹261.

First Published: Apr 21, 2025 4:36 AM IST