Renewable energy major Suzlon Group has rolled out Suzlon 2.0, a comprehensive business transformation strategy aimed at repositioning the company as a full-stack clean energy solutions conglomerate, Vice Chairman Girish Tanti said.
The strategy expands Suzlon’s footprint beyond wind to include solar, energy storage and emerging clean-energy technologies, enabling the company to offer integrated, end-to-end solutions to customers.
“This strategic shift broadens our scope across wind, solar, storage and emerging clean energy technologies, allowing us to deliver integrated solutions,” Tanti said.
Key growth priorities under Suzlon 2.0 include the launch of DevCo as a standalone firm and dispatchable renewable energy project development vertical, conversion of the order management system into a digital-first platform, establishment of smart manufacturing facilities, and capitalising on global market opportunities.
“Our recognition as one of the world’s top 10 most sustainable companies reinforces the success of this direction. With electric mobility gaining traction, AI capacity expanding and industrial decarbonisation accelerating, the green transition is clearly gathering momentum,” he added.
Suzlon Group CEO JP Chalasani said the company’s closing order book stood at 6.4 GW, higher than the opening order book for the quarter, despite highest-ever deliveries in the company’s 30-year history.
“This reflects strong demand for our solutions and the effectiveness of our execution,” Chalasani said.
He noted that Suzlon’s balanced EPC strategy, which targets around 50% share of EPC business by 2028, is progressing steadily. EPC contribution increased from 20% to 27% during the quarter.
“Our project development pipeline of over 25 GW is complementing this strategy, enhancing revenue visibility and improving project control. This will continue to be a key growth driver for the group,” he said.
Suzlon reported a 15% increase in consolidated net profit at ₹445 crore for the December quarter, compared with the corresponding period last year. Revenue from operations rose to ₹4,228 crore from ₹2,969 crore, while the company maintained a net cash position of ₹1,556 crore.
Group CFO Rahul Jain said the third quarter marked another milestone, with record quarterly deliveries of 617 MW, and an additional 2.4 GW in the execution pipeline.