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India's Wind Energy Sector Accelerates Amid Renewable Power Expansion

India’s Wind Energy Sector Accelerates Amid Renewable Power Expansion

India has made substantial progress in its renewable energy journey, with wind power becoming a critical component. In the past year, the country’s wind energy capacity surged by 10.5%, taking the total to 51.5 gigawatts (GW). This advancement demonstrates India’s persistent efforts to expand its clean energy footprint and curb carbon emissions.

India’s Rising Influence in the Global Clean Energy Space

India currently ranks as the third-largest producer of renewable energy and holds the fourth spot globally for wind energy capacity. This growth underscores India’s growing influence in the international renewable energy landscape.

Marking Global Wind Day, Union Minister Pralhad Joshi highlighted wind energy’s pivotal role in fulfilling India’s ambition of becoming self-reliant (Atmanirbhar Bharat). He emphasized that expanding wind energy is vital for achieving environmental goals, creating jobs, promoting local manufacturing, and minimizing dependence on imported fuels.

Strong Growth Across Renewable Energy Segments

India’s cumulative renewable energy capacity has now climbed to 226.74 GW, representing a 17.1% year-on-year increase. Solar energy has been the primary growth engine, showing an impressive 31.5% rise to reach 110.83 GW.

Despite solar’s rapid advancement, wind power continues to provide essential diversification and stability within India’s renewable energy framework.

Policy Backing Fuels Wind Energy Expansion

Policy measures from the Indian government have played a decisive role in advancing wind energy. Initiatives like waiving inter-state transmission charges for renewable projects have significantly lowered operational costs, enhancing wind power’s attractiveness.

Further, Renewable Purchase Obligations (RPOs) mandate that power distributors acquire a specific share of their energy from renewable sources, maintaining steady demand for wind energy.

The sector’s openness to full foreign direct investment (FDI) has drawn international capital, which has been instrumental in scaling wind energy initiatives. Additionally, the Union Budget’s 53% increase in renewable energy allocations has added further momentum to project development.

Future Targets and Offshore Wind Potential

India aims to achieve 500 GW of renewable energy capacity by 2030, with wind energy expected to contribute 100 GW. Offshore wind installations are set to play a significant part in this expansion, supported by India’s extensive coastline and favorable wind profiles.

However, the development of offshore wind farms will require heavy investments in port upgrades, grid infrastructure, and specialized offshore equipment.

Environmental Benefits and Energy Independence

Wind power is integral to India’s strategy for lowering greenhouse gas emissions and cutting reliance on coal-powered plants. This transition supports the country’s climate commitments and is likely to result in cleaner air and healthier urban environments.

At the same time, expanding renewable energy reduces the nation’s dependency on expensive imported fossil fuels, strengthening India’s energy autonomy.

Promising Outlook for India’s Wind Sector

The outlook for wind energy in India remains highly positive, bolstered by proactive policy support, growing investor interest, and the national commitment to renewable expansion. The sector is also contributing to employment growth in areas like equipment manufacturing, logistics, construction, and project maintenance.

Wind energy is expected to retain its central role in India’s renewable roadmap, supporting the creation of a sustainable, affordable, and low-emission energy system.

Conclusion

India’s wind energy capacity rose by 10.5% in the past year, reaching 51.5 GW. This progress, driven by favorable government policies, robust investments, and aggressive renewable targets, solidifies the importance of wind power in India’s green energy transformation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Inox India Secures ₹373 Crore in New Orders, Stock Gains Ground

Inox Wind Slides After Early Gains Amid Market Caution

Inox Wind Slides After Early Gains Amid Market Caution

Inox Wind Ltd., a prominent name in India’s wind energy sector, experienced a volatile trading session on June 4, 2025. The stock opened in the green, fueled by recent momentum in the renewable energy space, but reversed direction as the day progressed, ending in the red. This unexpected dip came despite a broader optimistic tone in the clean energy market and reflected the nervous sentiment of short-term investors.
Initially, the company’s shares showed upward movement, thanks in part to growing enthusiasm around India’s clean energy commitments and Inox Wind’s progress in project execution. However, the shift in momentum revealed deeper concerns about valuations, market trends, and the company’s financial consistency.

Early Optimism Driven by Sectoral Sentiment
The opening surge in Inox Wind’s share price was not a surprise to market watchers. With India doubling down on its green energy targets and clean power capacity expansion, companies like Inox Wind are seen as key beneficiaries. Investors, particularly those eyeing mid-cap energy plays, had become increasingly bullish following recent government updates on wind project auctions and transmission infrastructure support.
The stock’s early confidence was bolstered by Inox Wind’s strong order book and intentions to increase turbine manufacturing. Analysts have pointed to this as a vote of confidence in the company’s improved execution capabilities and alignment with national renewable energy targets.

Reversal Triggered by Market Factors
Despite the upbeat opening, the stock lost momentum in the later trading hours. The fall was attributed largely to profit booking, a common occurrence after a short rally. With Inox Wind having shown a sharp rise in recent days, some traders likely decided to cash in on their positions.
Additionally, broader market dynamics may have played a role. Rising concerns over inflation, foreign fund outflows, and cautious global cues made investors more risk-averse — especially in sectors that require heavy capital investments and face execution challenges, like renewable infrastructure.

Company Overview
One of India’s leading providers of wind turbine generators and related services is Inox Wind, a division of the INOX Group. Its fully integrated business model includes manufacturing nacelles, blades, and towers, along with providing end-to-end project execution.
With factories located in Gujarat, Himachal Pradesh, and Madhya Pradesh, the company is strategically positioned to cater to India’s growing demand for renewable energy. It has also been expanding its footprint through collaborations and partnerships with independent power producers (IPPs) and state utilities.

Positive Developments in Recent Months
Despite today’s price movement, Inox Wind has had a series of encouraging updates that suggest a promising outlook:
• Financial Restructuring: The firm has been actively reducing its debt, which has improved investor sentiment.
• New Orders Secured: Multiple wind energy projects were recently awarded to the company, adding strength to its revenue pipeline.
• Faster Project Turnaround: Better logistics, planning, and execution have helped the company cut down delays.
• Government Support: Policies under India’s energy transition roadmap are expected to provide further growth impetus.
These developments had driven the stock upward in previous sessions — making today’s fall appear more as a short-term pause than a shift in long-term outlook.

Analyst Perspective: A Pause or a Red Flag?
Analysts remain cautiously optimistic. With the underlying fundamentals remaining in place, some people see today’s decline as a typical retracement following a powerful gain. According to them, Inox Wind is set to benefit from increasing demand for wind energy installations and the government’s push toward net-zero goals.
Others, however, urge vigilance. While the company is improving, concerns around timely order execution, payment delays from state electricity boards, and competition from solar energy continue to pose risks. Long-term investors are advised to monitor earnings consistency and cash flow management in the coming quarters.

Conclusion: One Day, Not the Whole Story
The price action in Inox Wind today serves as a reminder of the stock market’s short-term volatility. While green energy remains a long-term growth story in India, share movements will continue to reflect both fundamental progress and daily trader sentiment.
Inox Wind’s dip from its morning highs doesn’t diminish the company’s potential, but it highlights the need for sustained performance and disciplined execution. As clean energy gains momentum, Inox Wind’s ability to navigate market fluctuations while scaling operations will determine how far its stock can rise in the future.

 

The image added is for representation purposes only

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Motilal Oswal Projects 30% Upside in Suzlon Energy Shares Amid Sector Tailwinds

Motilal Oswal Projects 30% Upside in Suzlon Energy Shares Amid Sector Tailwinds

 

 

Suzlon Energy, a key player in India’s renewable energy landscape, has garnered renewed attention from investors after brokerage firm Motilal Oswal raised its target price on the stock, citing strong upside potential of up to 30%. The upgrade comes at a time when India’s wind energy sector is seeing a resurgence, fueled by supportive policy changes, rising demand for clean energy, and robust execution from domestic manufacturers. Suzlon, being one of the largest wind turbine manufacturers in the country, stands to benefit significantly from these trends.

Regulatory Tailwinds Boosting Prospects

One of the primary reasons behind the bullish outlook is the introduction of a revised RLMM (Revised List of Models and Manufacturers) notification by the government. This draft policy emphasizes the use of locally manufactured components in wind turbines. For Indian OEMs like Suzlon, this regulation could significantly increase market share by restricting competition from foreign players and encouraging project developers to choose domestic manufacturers.

Motilal Oswal analysts noted that Suzlon, with its integrated manufacturing facilities and strong domestic presence, is well-positioned to benefit from this shift. The company’s end-to-end capabilities, including R&D, manufacturing, project execution, and operations and maintenance, give it a strategic advantage in leveraging government-driven demand for local content.

Expanding Market Share and Execution Capabilities

India’s wind energy market, while historically underutilized, is now poised for a substantial comeback. Current data indicates that Indian OEMs are capturing only 50–60% of the new wind energy orders. Suzlon is expected to enhance its market share considerably in the coming years due to its longstanding industry presence and the push for localization.

The company’s ability to manufacture critical components in-house, such as nacelles, blades, and towers, reduces reliance on imports and makes Suzlon a preferred vendor in the wake of new policy reforms. Furthermore, its wide network of service facilities and expertise in maintenance strengthens its after-sales proposition — a critical factor in long-term contracts.

Financial Strength Reinforces Analyst Confidence

Suzlon’s recent financial performance has reinforced market confidence. In the fourth quarter of FY24, the company reported revenue of ₹2,200 crore, reflecting a 30% year-on-year growth. More significantly, EBITDA rose 53% to ₹360 crore, reflecting not only higher execution but also improved operational efficiency.

One of the most crucial financial milestones achieved by the company is its transition to being net debt-free. This move significantly reduces financial risk and allows Suzlon to focus on expansion, R&D, and order execution without the overhang of interest burden. The cleaned-up balance sheet also improves its creditworthiness, potentially helping it secure new contracts with favorable terms.

Robust Order Book Ensures Future Revenue Visibility

Another compelling reason behind Motilal Oswal’s optimism is Suzlon’s record-breaking order backlog. The company has an order book of 5.9 GW — its highest ever — providing revenue visibility for the next several quarters. This backlog indicates strong market trust in Suzlon’s execution ability and also showcases the demand revival in India’s wind energy sector.

Industry forecasts suggest that India will add 32 GW of wind capacity between FY25 and FY30. Suzlon is expected to be a major contributor to this growth. Its strong pipeline and proven track record in executing large-scale projects position it well to capitalize on the expected upturn in capacity addition.

Broader Market Support

Motilal Oswal isn’t alone in its bullish view. Other brokerage firms such as Morgan Stanley and JM Financial have also raised their target prices for Suzlon. Morgan Stanley recently upgraded Suzlon to ‘Overweight’ with a target price of ₹71, pointing to the company’s potential to increase its market share to around 40% by FY27. Similarly, JM Financial has a target price of ₹71, citing improved execution and a healthy backlog.

Investec also initiated coverage on Suzlon with a ‘Buy’ rating, indicating a 30% upside. According to these brokerages, Suzlon is well aligned with the Indian government’s renewable energy mission and stands out as one of the few fully integrated domestic players capable of delivering scale and quality.

Conclusion

The confluence of policy support, financial turnaround, increasing domestic demand, and strong execution capacity has made Suzlon Energy a compelling story in India’s green energy transition. With a robust order book, zero net debt, and improving profit margins, Suzlon is set to play a central role in India’s wind energy growth over the next decade. Motilal Oswal’s target upgrade, backed by fundamental and structural growth factors, reinforces investor confidence and indicates that Suzlon may well be on its way to delivering solid returns in the near future.

 

 

 

 

 

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