Suzlon Energy wins 105 MW Sunsure order in 2026

Key development: 105 MW order and a new turbine platform

Suzlon Energy has won a 105 MW wind power order from Sunsure Energy, with the deal marking the commercial debut of Suzlon’s S175 wind turbine platform. The order is for Suzlon’s S175 turbines rated at 5.0 MW each. According to the details shared, the project scope includes supply and installation. The order adds to a series of recent wins that have kept market attention on Suzlon’s execution pipeline and capacity ramp-up. The S175 debut is also notable because platform launches are typically tracked closely by customers and investors for performance, delivery timelines, and repeatability across sites. For Suzlon, the order comes at a time when multiple reports have highlighted sustained demand for renewable capacity and corporate decarbonisation-led procurement.

Project details: 21 turbines in Bijapur, Karnataka

The project will involve the supply and installation of 21 wind turbines in Bijapur, Karnataka. With 21 turbines at 5.0 MW each, the order size totals 105 MW, aligning with the company’s announcement. The geographic location is important because wind project execution depends on site readiness, grid connectivity, and local logistics. The order is also positioned as a step-up from earlier Sunsure engagements with Suzlon that were tied to Sunsure’s entry into wind. While the timeline for commissioning was not specified in the provided information, the company has framed it as part of a continuing partnership.

Partnership scale: 400.8 MW in 14 months

Suzlon said the latest 105 MW order takes the cumulative partnership between Suzlon Energy and Sunsure Energy to 400.8 MW over the last 14 months. That cumulative figure signals repeat business and a sustained buyer-supplier relationship rather than a one-off procurement. For investors, cumulative contracted MW often serves as a proxy for execution visibility, although actual revenue recognition depends on delivery and commissioning schedules. The 14-month time window also provides a timeframe for how quickly the relationship has scaled. The latest deal is therefore being read in the context of continuity, not just incremental megawatts.

Stock moves mentioned alongside the order

Multiple price points were cited across the market updates shared around Suzlon Energy. One update said Suzlon Energy’s share price moved up by 0.48% from its previous close of Rs 57.21, with the last traded price at Rs 57.48. Another snapshot stated the share price was Rs 57.21 as on 29 Jun, 2026, 04:10 PM IST, up 0.13% from Rs 57.14. A separate line referenced Rs 57.64 with a change of +0.43 (+0.75%), and a one-year return figure of -14.88%. These figures reflect different timestamps and market snapshots, but together they show the stock trading in the high Rs 50s while market participants track both short-term moves and longer period returns.

Recent recovery narrative: rebound from March lows

The broader narrative in the supplied material points to a sharp recovery from March lows. The stock was reported to have fallen below Rs 40 for the first time in more than two years during March, followed by a rebound of about 50.6% to a latest closing price of Rs 57.53. The same update also stated that the rally pushed the stock’s year-to-date returns to 10% and that it touched its highest level in five months during Wednesday’s trade. These datapoints have been linked to improved investor sentiment and rising renewable energy demand in the coverage provided. However, the one-year return figure cited elsewhere in the material was -14.88%, underlining that longer horizon returns can differ even when a shorter-term rebound is strong.

Order book position: 5,892 MW after recent additions

Suzlon’s order book was stated at 5,892 MW, including a recent 195 MW order from Sunsure Energy and net of Q4 FY26 deliveries. The same information set added that Suzlon’s order book at the end of FY26 stood at 5,697 MW. That implies an increase after accounting for deliveries, based on the figures cited. Order book size is closely watched for wind OEMs because it indicates future activity and production planning. It is also relevant to supplier ecosystems and project execution partners who rely on multi-quarter visibility. The provided material does not break down the full order book by customer or geography, but it explicitly ties the reported 5,892 MW figure to Sunsure-related additions and deliveries in Q4 FY26.

Broker views cited: target prices of Rs 60 and Rs 71

Broker commentary mentioned in the material includes multiple ‘Buy’ ratings and target prices. One brokerage maintained a ‘Buy’ rating with a target price of Rs 60, valuing the company at 15.6x FY28 estimated EBITDA. Systematix Institutional Equities was also cited as maintaining a ‘Buy’ rating with a target price of Rs 71 per share. These targets were presented in the context of confidence in growth, alongside references to strong quarterly earnings. The material does not provide the full earnings numbers or the detailed assumptions behind the targets, so the takeaway is limited to the ratings, targets, and the valuation multiple stated for the Rs 60 target.

Context: other large orders referenced in recent updates

The supplied text also referenced several other orders and developments that form the backdrop to the current Sunsure announcement. Suzlon was reported to have won a near-100 MW repeat order from state-owned GAIL, described as its sixth repeat order for such a project. Another update highlighted a 248.5 MW wind order from ArcelorMittal, involving the supply of 79 wind turbines and described as Suzlon’s first collaboration with the group. Separate reports referenced Suzlon securing an 838 MW order from Tata Power Renewable Energy as part of a firm and dispatchable renewable energy project, and also mentioned Suzlon’s 1,544 MW order from NTPC Green Energy as the company’s largest to date. These references indicate a wider pipeline of corporate and utility-linked orders in the period covered by the material.

Key facts table

Market impact and what investors are tracking

From the information provided, the immediate market relevance of the 105 MW order is tied to two factors: the commercial debut of the S175 platform and the continued build-up of repeat business with Sunsure. Order wins add to the headline order book and support the narrative of demand visibility, especially when accompanied by a rising order book number such as 5,892 MW. The stock discussion in the material suggests investors are also watching how quickly the company converts orders into deliveries, given the reference to Q4 FY26 deliveries being netted off. In parallel, the volatility in longer-horizon returns cited in the same dataset shows that sentiment is still sensitive to near-term execution and sector-wide flows.

Conclusion

Suzlon Energy’s 105 MW order from Sunsure Energy brings the S175 (5.0 MW) wind turbine platform into commercial deployment, with 21 turbines planned for Bijapur, Karnataka. The company has framed the order as part of a broader partnership that totals 400.8 MW over 14 months. Alongside the order, updates cited Suzlon’s order book at 5,892 MW and broker targets of Rs 60 and Rs 71. The next set of investor checkpoints, based on the information shared, will likely remain centred on order book movement net of deliveries and execution progress on newly announced projects.