Suzlon Energy Shares Fall Following Cancellation and Truncation of Orders

Suzlon Energy Limited’s share price traded at ₹56.17 at 10:45 AM on the NSE, reflecting a decline of ₹0.49 or 0.86% from the previous close of ₹56.66. The stock opened at ₹55.50 and reached a high of ₹56.98 during the session while hitting a low of ₹55.11. This adds to the overall decline of 2% recorded over the past 4 sessions

Suzlon Updates Order Book Status

On March 28, 2025, Suzlon Energy Limited informed the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) that its order book as of the latest update stood at 5,622 MW, reflecting new order intakes, cancellations, and truncations.

This figure includes dispatches made during Q4 FY25, which will be disclosed when the company announces its financial results for the quarter and fiscal year ending March 31, 2025.

Order Cancellations and Adjustments

In the filing, Suzlon disclosed that certain previously announced orders were either cancelled or modified:

• 99 MW order from Vibrant Energy (announced on May 17, 2023) has been cancelled as the customer decided not to proceed with the project.
• 201.6 MW order from O2 Power Private Limited (Teq Green Power XI Private Limited) (announced on August 25, 2023) has been truncated to 100.80 MW and will now be executed under Solalite Power Private Limited instead of Teq Green Power XI Private Limited.
• 100.8 MW order from a leading Global Utility (announced on December 15, 2023) has also been cancelled as the customer decided not to move forward with the project.

Suzlon clarified that these changes would not have a material impact on its overall order book position.

Market Reaction

Despite Suzlon’s assurance, the news of order cancellations and modifications led to a decline in the company’s share price. Investors reacted to the uncertainty surrounding the execution of these projects, even though Suzlon maintains a healthy order book position.

Conclusion

While Suzlon Energy continues to secure new orders, adjustments and cancellations in previously announced projects have led to concerns in the market. The company remains confident that these changes will not significantly impact its business operations, but investor sentiment suggests cautious moving forward.

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