Priyanka Tiwari
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Suspense crime, Digital Desk : Suzlon Energy is setting its sights high for the financial year 2026, with CEO JP Chalsani expressing strong confidence in the company's ability to achieve significant growth. He outlined key targets, including installing 3 Gigawatts (GW) of wind turbine capacity, capturing a 30% market share, and achieving a healthy 16% EBITDA margin.
What's fueling this optimism? Chalsani pointed to a robust order book already standing at 3.1 GW, providing clear visibility for future projects. He also highlighted the supportive policy landscape in India, which is increasingly favoring renewable energy, particularly wind power. This positive environment, coupled with government initiatives, is expected to drive demand.
Internally, Suzlon has made significant strides. Chalsani emphasized the company's strengthened balance sheet, a result of successful debt reduction efforts, which now provides a more stable financial foundation. Technologically, the company is banking on its newer, more efficient S144 turbine model, which is expected to be a key driver in achieving their installation targets. This advanced turbine is designed for higher energy generation, making it an attractive option for developers.
While acknowledging that supply chain issues were a concern previously, Chalsani indicated that these are largely being managed and are improving. The primary focus now, he stressed, is on execution – ensuring timely project completion and efficient operations to meet the ambitious targets. He believes the company has the right strategies and operational capabilities in place.
Suzlon's strategy aligns with India's broader goals of expanding its renewable energy capacity. Chalsani believes the company is well-positioned to capitalize on this national push, leveraging its improved financial health, technological advancements, and strong market demand to reclaim and solidify its leadership position in the Indian wind energy sector.
In essence, Suzlon Energy, under Chalsani's leadership, is looking to turn a corner, moving from a period of restructuring to one of aggressive, sustainable growth, aiming to play a pivotal role in India's green energy future.
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