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  • POWERCON Group Appoints Suresh Darade as CSO of Renewable Energy Training Centre CORE

    POWERCON Group, a global renewable energy asset creation and management company, has appointed Suresh Darade as Chief Skills Officer (CSO) of its Centre Of Renewable Energy (CORE), the group’s dedicated platform for renewable energy education, workforce development and industry skill enhancement.

    In his new role, Darade will lead CORE’s efforts to expand industry-focused, technology-driven and practical skills development programmes, supporting the institution’s vision of becoming a globally recognised renewable energy university integrating education, research, innovation, industry collaboration and leadership development.

    Darade brings several decades of experience in technical education, workforce capability development and industry skilling. Prior to joining POWERCON Group, he held leadership roles in learning and development functions at organisations including Bosch India, Schaeffler, Tata Motors, ITM Vocational University and Symbiosis Skills & Professional University.

    Most recently, at BSA Group, Darade led industry-oriented training programmes, developed work-based dual-skilling models and implemented competency-based learning frameworks aligned with national skill standards. His experience includes designing large-scale workforce development initiatives, technical competency programmes and organisational capability-building strategies across multiple sectors.

    As Chief Skills Officer, Darade will focus on strengthening CORE’s partnerships with industry, academia, government bodies, Sector Skill Councils and training institutions. He will also work towards developing renewable energy learning programmes aligned with evolving industry requirements and global skill frameworks.

    Commenting on the appointment, Col. (Dr.) Bharat Sharma, Executive Director, POWERCON Group, said the renewable energy sector requires a strong pipeline of skilled professionals to support its rapid growth.

    “CORE was established to bridge the gap between industry requirements and workforce capabilities. Suresh Darade’s extensive experience in skills development, competency building and workforce transformation will help us accelerate this vision and strengthen our contribution towards developing the next generation of renewable energy professionals and leaders,” Sharma said.

    Darade said the renewable energy transition requires a highly skilled workforce and highlighted the importance of competency-based, industry-driven learning programmes to prepare students, trainees and professionals for future opportunities in the clean energy sector.

    Praveen Kakulte, Founder and CEO, POWERCON Group, said the success of the renewable energy sector depends not only on infrastructure and technology but also on skilled professionals capable of designing, building and managing clean energy assets.

    He added that CORE aims to evolve into a globally recognised institution dedicated exclusively to renewable energy and clean technology, bringing together education, applied research, innovation and industry collaboration.

    POWERCON Group said CORE has already trained, assessed and certified more than 6,000 students, technicians and renewable energy professionals. The institution plans to expand collaborations with industry, academic institutions, government agencies and global partners to strengthen India’s renewable energy skills ecosystem and support international talent mobility.

  • POWERCON Group Appoints Suresh Darade as CSO of Renewable Energy Training Centre CORE

    POWERCON Group, a global renewable energy asset creation and management company, has appointed Suresh Darade as Chief Skills Officer (CSO) of its Centre Of Renewable Energy (CORE), the group’s dedicated platform for renewable energy education, workforce development and industry skill enhancement.

    In his new role, Darade will lead CORE’s efforts to expand industry-focused, technology-driven and practical skills development programmes, supporting the institution’s vision of becoming a globally recognised renewable energy university integrating education, research, innovation, industry collaboration and leadership development.

    Darade brings several decades of experience in technical education, workforce capability development and industry skilling. Prior to joining POWERCON Group, he held leadership roles in learning and development functions at organisations including Bosch India, Schaeffler, Tata Motors, ITM Vocational University and Symbiosis Skills & Professional University.

    Most recently, at BSA Group, Darade led industry-oriented training programmes, developed work-based dual-skilling models and implemented competency-based learning frameworks aligned with national skill standards. His experience includes designing large-scale workforce development initiatives, technical competency programmes and organisational capability-building strategies across multiple sectors.

    As Chief Skills Officer, Darade will focus on strengthening CORE’s partnerships with industry, academia, government bodies, Sector Skill Councils and training institutions. He will also work towards developing renewable energy learning programmes aligned with evolving industry requirements and global skill frameworks.

    Commenting on the appointment, Col. (Dr.) Bharat Sharma, Executive Director, POWERCON Group, said the renewable energy sector requires a strong pipeline of skilled professionals to support its rapid growth.

    “CORE was established to bridge the gap between industry requirements and workforce capabilities. Suresh Darade’s extensive experience in skills development, competency building and workforce transformation will help us accelerate this vision and strengthen our contribution towards developing the next generation of renewable energy professionals and leaders,” Sharma said.

    Darade said the renewable energy transition requires a highly skilled workforce and highlighted the importance of competency-based, industry-driven learning programmes to prepare students, trainees and professionals for future opportunities in the clean energy sector.

    Praveen Kakulte, Founder and CEO, POWERCON Group, said the success of the renewable energy sector depends not only on infrastructure and technology but also on skilled professionals capable of designing, building and managing clean energy assets.

    He added that CORE aims to evolve into a globally recognised institution dedicated exclusively to renewable energy and clean technology, bringing together education, applied research, innovation and industry collaboration.

    POWERCON Group said CORE has already trained, assessed and certified more than 6,000 students, technicians and renewable energy professionals. The institution plans to expand collaborations with industry, academic institutions, government agencies and global partners to strengthen India’s renewable energy skills ecosystem and support international talent mobility.

  • Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Group, India’s leading renewable energy solutions provider, has reported a strong start to FY27, driven by record first-quarter deliveries, robust order inflows, and continued progress in expanding its renewable energy portfolio.

    During the quarter, the company achieved its highest-ever first-quarter deliveries of 506 MW, marking a 14% year-on-year increase, while commissioning more than doubled to 269 MW, reflecting accelerated project execution. Suzlon also secured approximately 1 GW of new orders, including two major developer-led EPC contracts from Tata Power and Waaree Group, taking its cumulative order book to around 6.1 GW. Notably, 84% of the order book is backed by public sector undertakings (PSUs) and commercial & industrial (C&I) customers, highlighting strong demand across key market segments.

    As part of its evolving business strategy, Suzlon increased the contribution of its Engineering, Procurement and Construction (EPC) business from 22% in Q1 FY26 to 32% in Q1 FY27. During the quarter, the company also unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured the platform’s first order in the Indian market. In addition, Suzlon introduced its ‘Suzlon 2.0’ strategy, centred on four business verticals—RE Tech, RE DevCo, RE Projects, and RE AMS—to strengthen its presence across the renewable energy value chain and unlock new growth opportunities.

    Commenting on the performance, Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build four strategic growth engines with wind-led renewable energy solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut, and the S144-3x order book is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

    Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first-quarter deliveries of 506 MW while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand.”

    Highlighting the company’s financial performance, Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA and PAT margins were in line with ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and changes in project scope and business mix.”

    For the quarter ended 30 June 2026, revenue from operations increased 23% year-on-year to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter of the previous financial year. EBITDA stood at ₹595 crore, with an EBITDA margin of 15.6%, while Profit Before Tax (PBT) was ₹390 crore and Profit After Tax (PAT) reached ₹305 crore. Although profitability margins moderated compared with Q1 FY26, the company attributed the decline to temporary logistics disruptions caused by geopolitical developments, strategic investments, and changes in project scope and business mix.

    With record first-quarter deliveries, a growing order pipeline, new product launches, and the rollout of its Suzlon 2.0 strategy, the company has entered FY27 with strong operational momentum and a clear focus on expanding its leadership in India’s renewable energy sector.

  • Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Group, India’s leading renewable energy solutions provider, has reported a strong start to FY27, driven by record first-quarter deliveries, robust order inflows, and continued progress in expanding its renewable energy portfolio.

    During the quarter, the company achieved its highest-ever first-quarter deliveries of 506 MW, marking a 14% year-on-year increase, while commissioning more than doubled to 269 MW, reflecting accelerated project execution. Suzlon also secured approximately 1 GW of new orders, including two major developer-led EPC contracts from Tata Power and Waaree Group, taking its cumulative order book to around 6.1 GW. Notably, 84% of the order book is backed by public sector undertakings (PSUs) and commercial & industrial (C&I) customers, highlighting strong demand across key market segments.

    As part of its evolving business strategy, Suzlon increased the contribution of its Engineering, Procurement and Construction (EPC) business from 22% in Q1 FY26 to 32% in Q1 FY27. During the quarter, the company also unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured the platform’s first order in the Indian market. In addition, Suzlon introduced its ‘Suzlon 2.0’ strategy, centred on four business verticals—RE Tech, RE DevCo, RE Projects, and RE AMS—to strengthen its presence across the renewable energy value chain and unlock new growth opportunities.

    Commenting on the performance, Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build four strategic growth engines with wind-led renewable energy solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut, and the S144-3x order book is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

    Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first-quarter deliveries of 506 MW while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand.”

    Highlighting the company’s financial performance, Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA and PAT margins were in line with ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and changes in project scope and business mix.”

    For the quarter ended 30 June 2026, revenue from operations increased 23% year-on-year to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter of the previous financial year. EBITDA stood at ₹595 crore, with an EBITDA margin of 15.6%, while Profit Before Tax (PBT) was ₹390 crore and Profit After Tax (PAT) reached ₹305 crore. Although profitability margins moderated compared with Q1 FY26, the company attributed the decline to temporary logistics disruptions caused by geopolitical developments, strategic investments, and changes in project scope and business mix.

    With record first-quarter deliveries, a growing order pipeline, new product launches, and the rollout of its Suzlon 2.0 strategy, the company has entered FY27 with strong operational momentum and a clear focus on expanding its leadership in India’s renewable energy sector.

  • Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Group, India’s leading renewable energy solutions provider, has reported a strong start to FY27, driven by record first-quarter deliveries, robust order inflows, and continued progress in expanding its renewable energy portfolio.

    During the quarter, the company achieved its highest-ever first-quarter deliveries of 506 MW, marking a 14% year-on-year increase, while commissioning more than doubled to 269 MW, reflecting accelerated project execution. Suzlon also secured approximately 1 GW of new orders, including two major developer-led EPC contracts from Tata Power and Waaree Group, taking its cumulative order book to around 6.1 GW. Notably, 84% of the order book is backed by public sector undertakings (PSUs) and commercial & industrial (C&I) customers, highlighting strong demand across key market segments.

    As part of its evolving business strategy, Suzlon increased the contribution of its Engineering, Procurement and Construction (EPC) business from 22% in Q1 FY26 to 32% in Q1 FY27. During the quarter, the company also unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured the platform’s first order in the Indian market. In addition, Suzlon introduced its ‘Suzlon 2.0’ strategy, centred on four business verticals—RE Tech, RE DevCo, RE Projects, and RE AMS—to strengthen its presence across the renewable energy value chain and unlock new growth opportunities.

    Commenting on the performance, Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build four strategic growth engines with wind-led renewable energy solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut, and the S144-3x order book is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

    Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first-quarter deliveries of 506 MW while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand.”

    Highlighting the company’s financial performance, Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA and PAT margins were in line with ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and changes in project scope and business mix.”

    For the quarter ended 30 June 2026, revenue from operations increased 23% year-on-year to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter of the previous financial year. EBITDA stood at ₹595 crore, with an EBITDA margin of 15.6%, while Profit Before Tax (PBT) was ₹390 crore and Profit After Tax (PAT) reached ₹305 crore. Although profitability margins moderated compared with Q1 FY26, the company attributed the decline to temporary logistics disruptions caused by geopolitical developments, strategic investments, and changes in project scope and business mix.

    With record first-quarter deliveries, a growing order pipeline, new product launches, and the rollout of its Suzlon 2.0 strategy, the company has entered FY27 with strong operational momentum and a clear focus on expanding its leadership in India’s renewable energy sector.

  • Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Group, India’s leading renewable energy solutions provider, has reported a strong start to FY27, driven by record first-quarter deliveries, robust order inflows, and continued progress in expanding its renewable energy portfolio.

    During the quarter, the company achieved its highest-ever first-quarter deliveries of 506 MW, marking a 14% year-on-year increase, while commissioning more than doubled to 269 MW, reflecting accelerated project execution. Suzlon also secured approximately 1 GW of new orders, including two major developer-led EPC contracts from Tata Power and Waaree Group, taking its cumulative order book to around 6.1 GW. Notably, 84% of the order book is backed by public sector undertakings (PSUs) and commercial & industrial (C&I) customers, highlighting strong demand across key market segments.

    As part of its evolving business strategy, Suzlon increased the contribution of its Engineering, Procurement and Construction (EPC) business from 22% in Q1 FY26 to 32% in Q1 FY27. During the quarter, the company also unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured the platform’s first order in the Indian market. In addition, Suzlon introduced its ‘Suzlon 2.0’ strategy, centred on four business verticals—RE Tech, RE DevCo, RE Projects, and RE AMS—to strengthen its presence across the renewable energy value chain and unlock new growth opportunities.

    Commenting on the performance, Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build four strategic growth engines with wind-led renewable energy solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut, and the S144-3x order book is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

    Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first-quarter deliveries of 506 MW while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand.”

    Highlighting the company’s financial performance, Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA and PAT margins were in line with ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and changes in project scope and business mix.”

    For the quarter ended 30 June 2026, revenue from operations increased 23% year-on-year to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter of the previous financial year. EBITDA stood at ₹595 crore, with an EBITDA margin of 15.6%, while Profit Before Tax (PBT) was ₹390 crore and Profit After Tax (PAT) reached ₹305 crore. Although profitability margins moderated compared with Q1 FY26, the company attributed the decline to temporary logistics disruptions caused by geopolitical developments, strategic investments, and changes in project scope and business mix.

    With record first-quarter deliveries, a growing order pipeline, new product launches, and the rollout of its Suzlon 2.0 strategy, the company has entered FY27 with strong operational momentum and a clear focus on expanding its leadership in India’s renewable energy sector.

  • Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Group, India’s leading renewable energy solutions provider, has reported a strong start to FY27, driven by record first-quarter deliveries, robust order inflows, and continued progress in expanding its renewable energy portfolio.

    During the quarter, the company achieved its highest-ever first-quarter deliveries of 506 MW, marking a 14% year-on-year increase, while commissioning more than doubled to 269 MW, reflecting accelerated project execution. Suzlon also secured approximately 1 GW of new orders, including two major developer-led EPC contracts from Tata Power and Waaree Group, taking its cumulative order book to around 6.1 GW. Notably, 84% of the order book is backed by public sector undertakings (PSUs) and commercial & industrial (C&I) customers, highlighting strong demand across key market segments.

    As part of its evolving business strategy, Suzlon increased the contribution of its Engineering, Procurement and Construction (EPC) business from 22% in Q1 FY26 to 32% in Q1 FY27. During the quarter, the company also unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured the platform’s first order in the Indian market. In addition, Suzlon introduced its ‘Suzlon 2.0’ strategy, centred on four business verticals—RE Tech, RE DevCo, RE Projects, and RE AMS—to strengthen its presence across the renewable energy value chain and unlock new growth opportunities.

    Commenting on the performance, Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build four strategic growth engines with wind-led renewable energy solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut, and the S144-3x order book is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

    Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first-quarter deliveries of 506 MW while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand.”

    Highlighting the company’s financial performance, Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA and PAT margins were in line with ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and changes in project scope and business mix.”

    For the quarter ended 30 June 2026, revenue from operations increased 23% year-on-year to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter of the previous financial year. EBITDA stood at ₹595 crore, with an EBITDA margin of 15.6%, while Profit Before Tax (PBT) was ₹390 crore and Profit After Tax (PAT) reached ₹305 crore. Although profitability margins moderated compared with Q1 FY26, the company attributed the decline to temporary logistics disruptions caused by geopolitical developments, strategic investments, and changes in project scope and business mix.

    With record first-quarter deliveries, a growing order pipeline, new product launches, and the rollout of its Suzlon 2.0 strategy, the company has entered FY27 with strong operational momentum and a clear focus on expanding its leadership in India’s renewable energy sector.

  • Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Group, India’s leading renewable energy solutions provider, has reported a strong start to FY27, driven by record first-quarter deliveries, robust order inflows, and continued progress in expanding its renewable energy portfolio.

    During the quarter, the company achieved its highest-ever first-quarter deliveries of 506 MW, marking a 14% year-on-year increase, while commissioning more than doubled to 269 MW, reflecting accelerated project execution. Suzlon also secured approximately 1 GW of new orders, including two major developer-led EPC contracts from Tata Power and Waaree Group, taking its cumulative order book to around 6.1 GW. Notably, 84% of the order book is backed by public sector undertakings (PSUs) and commercial & industrial (C&I) customers, highlighting strong demand across key market segments.

    As part of its evolving business strategy, Suzlon increased the contribution of its Engineering, Procurement and Construction (EPC) business from 22% in Q1 FY26 to 32% in Q1 FY27. During the quarter, the company also unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured the platform’s first order in the Indian market. In addition, Suzlon introduced its ‘Suzlon 2.0’ strategy, centred on four business verticals—RE Tech, RE DevCo, RE Projects, and RE AMS—to strengthen its presence across the renewable energy value chain and unlock new growth opportunities.

    Commenting on the performance, Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build four strategic growth engines with wind-led renewable energy solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut, and the S144-3x order book is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

    Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first-quarter deliveries of 506 MW while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand.”

    Highlighting the company’s financial performance, Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA and PAT margins were in line with ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and changes in project scope and business mix.”

    For the quarter ended 30 June 2026, revenue from operations increased 23% year-on-year to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter of the previous financial year. EBITDA stood at ₹595 crore, with an EBITDA margin of 15.6%, while Profit Before Tax (PBT) was ₹390 crore and Profit After Tax (PAT) reached ₹305 crore. Although profitability margins moderated compared with Q1 FY26, the company attributed the decline to temporary logistics disruptions caused by geopolitical developments, strategic investments, and changes in project scope and business mix.

    With record first-quarter deliveries, a growing order pipeline, new product launches, and the rollout of its Suzlon 2.0 strategy, the company has entered FY27 with strong operational momentum and a clear focus on expanding its leadership in India’s renewable energy sector.

  • Suzlon Reports Highest-Ever Q1 Deliveries of 506 MW, Revenue Rises 23% in Q1 FY27

    Suzlon Group, India’s leading renewable energy solutions provider, has reported a strong start to FY27, driven by record first-quarter deliveries, robust order inflows, and continued progress in expanding its renewable energy portfolio.

    During the quarter, the company achieved its highest-ever first-quarter deliveries of 506 MW, marking a 14% year-on-year increase, while commissioning more than doubled to 269 MW, reflecting accelerated project execution. Suzlon also secured approximately 1 GW of new orders, including two major developer-led EPC contracts from Tata Power and Waaree Group, taking its cumulative order book to around 6.1 GW. Notably, 84% of the order book is backed by public sector undertakings (PSUs) and commercial & industrial (C&I) customers, highlighting strong demand across key market segments.

    As part of its evolving business strategy, Suzlon increased the contribution of its Engineering, Procurement and Construction (EPC) business from 22% in Q1 FY26 to 32% in Q1 FY27. During the quarter, the company also unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured the platform’s first order in the Indian market. In addition, Suzlon introduced its ‘Suzlon 2.0’ strategy, centred on four business verticals—RE Tech, RE DevCo, RE Projects, and RE AMS—to strengthen its presence across the renewable energy value chain and unlock new growth opportunities.

    Commenting on the performance, Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build four strategic growth engines with wind-led renewable energy solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut, and the S144-3x order book is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

    Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first-quarter deliveries of 506 MW while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand.”

    Highlighting the company’s financial performance, Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA and PAT margins were in line with ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and changes in project scope and business mix.”

    For the quarter ended 30 June 2026, revenue from operations increased 23% year-on-year to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter of the previous financial year. EBITDA stood at ₹595 crore, with an EBITDA margin of 15.6%, while Profit Before Tax (PBT) was ₹390 crore and Profit After Tax (PAT) reached ₹305 crore. Although profitability margins moderated compared with Q1 FY26, the company attributed the decline to temporary logistics disruptions caused by geopolitical developments, strategic investments, and changes in project scope and business mix.

    With record first-quarter deliveries, a growing order pipeline, new product launches, and the rollout of its Suzlon 2.0 strategy, the company has entered FY27 with strong operational momentum and a clear focus on expanding its leadership in India’s renewable energy sector.

  • Mecpower Solutions Signs Gujarat MoU for 5 GWh BESS Manufacturing Project

    Mecpower Solutions Signs Gujarat MoU for 5 GWh BESS Manufacturing Project

    MECpower Solutions Limited has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to establish a 5 GWh Battery Energy Storage System (BESS) manufacturing facility in the state, reinforcing Gujarat’s position as a key hub for advanced energy storage manufacturing in India.

    The proposed facility will manufacture advanced battery energy storage systems to support India’s rapidly growing renewable energy sector and the increasing demand for grid-scale energy storage solutions. The project aligns with the country’s clean energy ambitions by strengthening domestic battery manufacturing capabilities and reducing dependence on imports.

    The investment is expected to contribute significantly to Gujarat’s industrial and clean energy ecosystem by promoting local manufacturing, generating employment opportunities, and supporting the development of a resilient battery supply chain. The facility will cater to utility-scale renewable energy projects, commercial and industrial applications, and other emerging energy storage requirements.

    The MoU reflects the Gujarat Government’s continued efforts to attract investments in advanced energy technologies and establish the state as a leading destination for clean energy manufacturing. The initiative is also expected to accelerate the adoption of battery energy storage systems, which play a crucial role in enhancing grid reliability, integrating renewable energy, and supporting India’s energy transition