Suzlon Energy shares in focus on order book despite cancellations

The shares of Suzlon Energy Limited were trading at ₹55.60 up by ₹1.06 or 1.87 per cent on the NSE today at 11.35 am.

Suzlon Energy Limited announced today that its order book stands at a “healthy” 5,622 MW as of March 28, 2025, representing a modest increase from the 5,523 MW reported on January 28, 2025, despite several order cancellations.

In its regulatory filing, the renewable energy solutions provider disclosed that a 99 MW order from Vibrant Energy, initially announced in May 2023, has been cancelled as the “customer has decided not to proceed with the project.” Similarly, a 100.8 MW order from “a leading global utility” announced in December 2023 has also been terminated.

Additionally, Suzlon reported that a 201.6 MW order from O2 Power Private Limited, announced in August 2023, has been reduced by half to 100.80 MW. The truncated order will now be executed under Solalite Power Private Limited instead of the originally designated Teq Green Power XI Private Limited.

Despite these adjustments, Suzlon maintained that these changes would not have “any material impact on the order book position of the company.” The company noted that the current order book figure includes dispatches made during Q4 FY25, with detailed financial results expected in the upcoming quarterly report.